Bae Systems PLC (OTCMKTS:BAESY) Sees Significant Increase in Short Interest

Bae Systems PLC (OTCMKTS:BAESY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 62,843 shares, an increase of 51.5% from the August 31st total of 41,486 shares. Based on an average daily volume of 356,074 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BAESY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada assumed coverage on shares of Bae Systems in a report on Tuesday, August 11th. They issued a “sector perform” rating on the stock. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, BNP Paribas Exane assumed coverage on Bae Systems in a research note on Thursday, September 10th. They set a “neutral” rating and a $113.00 target price for the company. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.00.

Bae Systems Trading Up 0.5%

Shares of BAESY opened at $103.63 on Thursday. 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 firm has a 50-day moving average of $111.02 and a 200-day moving average of $109.31. Bae Systems has a one year low of $84.50 and a one year high of $126.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after acquiring an additional 140 shares during the period. Riverbridge Partners LLC acquired a new position in Bae Systems in the 1st quarter valued at approximately $221,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in Bae Systems during the 1st quarter worth $307,000. GAMMA Investing LLC boosted its holdings in Bae Systems by 2.5% in the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock valued at $389,000 after acquiring an additional 96 shares during the last quarter. Finally, Collaborative Fund Advisors LLC acquired a new stake in shares of Bae Systems during the first quarter worth $897,000. 0.21% of the stock is owned by institutional investors.

Bae Systems Company Profile

BAE Systems plc is a multinational defense, aerospace and security company headquartered in the United Kingdom. The company develops and supports technology and equipment for governments, armed forces and commercial customers, with activities spanning air, land, sea, space and cyber domains.

Its products and services include combat aircraft and aircraft support, naval vessels and submarines, armored vehicles, artillery systems, electronic warfare and radar equipment, intelligence and cybersecurity solutions, precision weapons, and command-and-control systems.