BAE Systems plc (OTCMKTS:BAESF) Short Interest Update

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,668,727 shares, a drop of 15.8% from the December 31st total of 3,169,071 shares. Based on an average daily trading volume, of 121,907 shares, the days-to-cover ratio is currently 21.9 days. Based on an average daily trading volume, of 121,907 shares, the days-to-cover ratio is currently 21.9 days.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Saranac Partners Ltd purchased a new stake in BAE Systems plc (OTCMKTS:BAESF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems accounts for about 1.3% of Saranac Partners Ltd’s holdings, making the stock its 17th biggest position. Institutional investors own 40.72% of the company’s stock.

BAE Systems Trading Down 1.1%

Shares of BAESF stock opened at $26.65 on Tuesday. BAE Systems has a 12 month low of $14.53 and a 12 month high of $29.60. The stock has a 50 day moving average of $24.54 and a 200-day moving average of $24.82.

About BAE Systems

BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.

In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.