Bae Systems PLC (OTCMKTS:BAESY) Shares Shorted: Short Interest Down 71.5% in October

Bae Systems PLC (OTCMKTS:BAESY) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 14,846 shares, a drop of 71.5% from the October 15th total of 52,004 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 317,585 shares, the short-interest ratio is presently 0.0 days.

Bae Systems Stock Down 0.0%

Bae Systems stock traded down $0.03 during trading hours on Friday, hitting $99.64. The company had a trading volume of 222,027 shares, compared to its average volume of 185,913. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.91. The company has a 50-day moving average price of $104.11 and a two-hundred day moving average price of $108.94. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00.

Institutional Trading of Bae Systems

Several institutional investors and hedge funds have recently modified their holdings of BAESY. Henry James International Management Inc. boosted its holdings in shares of Bae Systems by 15.8% in the third quarter. Henry James International Management Inc. now owns 30,099 shares of the aerospace company’s stock valued at $3,131,000 after purchasing an additional 4,102 shares during the period. Confluence Investment Management LLC increased its holdings in Bae Systems by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company’s stock worth $1,403,000 after purchasing an additional 117 shares during the period. Sterling Capital Management LLC increased its holdings in Bae Systems by 1.5% during the 3rd quarter. Sterling Capital Management LLC now owns 9,230 shares of the aerospace company’s stock worth $960,000 after purchasing an additional 134 shares during the period. GAMMA Investing LLC increased its holdings in Bae Systems by 11.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,428 shares of the aerospace company’s stock worth $459,000 after purchasing an additional 459 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Bae Systems by 135.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock valued at $464,000 after purchasing an additional 2,293 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BAESY shares. Deutsche Bank reaffirmed a “hold” rating on shares of Bae Systems in a research note on Tuesday, August 11th. BNP Paribas Exane initiated coverage on Bae Systems in a report on Thursday, September 10th. They issued a “neutral” rating and a $113.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on Bae Systems in a research note on Tuesday, August 11th. They set a “sector perform” rating for the company. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Bae Systems presently has a consensus rating of “Hold” and a consensus price target of $113.00.

About Bae Systems

BAE Systems plc is a global defense, aerospace and security company headquartered in the United Kingdom. It develops and supports products and services for governments and military customers, including combat aircraft, naval ships and submarines, armored vehicles, munitions, sensors and electronic warfare systems. The company also provides cybersecurity, intelligence and other technology services. Its operations span the United Kingdom, the United States, Australia, Saudi Arabia and other markets.