Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESYGet Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 24,682 shares, a drop of 49.5% from the May 31st total of 48,909 shares. Based on an average daily trading volume, of 480,870 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research analysts have commented on BAESY shares. Erste Group Bank lowered Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a research report on Thursday. Finally, Kepler Capital Markets raised Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

View Our Latest Report on Bae Systems

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Altrius Capital Management Inc grew its stake in shares of Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after buying an additional 4,911 shares in the last quarter. Ramirez Asset Management Inc. increased its position in shares of Bae Systems by 6.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after acquiring an additional 4,527 shares during the period. First Merchants Corp increased its position in shares of Bae Systems by 1.3% during the first quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after acquiring an additional 854 shares during the period. Arrow Capital Pty Ltd bought a new stake in shares of Bae Systems during the third quarter valued at approximately $5,531,000. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Bae Systems by 2.6% in the fourth quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock valued at $3,295,000 after purchasing an additional 910 shares during the period. Institutional investors own 0.21% of the company’s stock.

Bae Systems Stock Up 1.2%

OTCMKTS:BAESY opened at $96.05 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87. The business’s 50-day simple moving average is $105.00 and its two-hundred day simple moving average is $108.37. Bae Systems has a 52 week low of $84.50 and a 52 week high of $126.00.

About Bae Systems

(Get Free Report)

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.

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