Bae Systems PLC (OTCMKTS:BAESY) Short Interest Update

Bae Systems PLC (OTCMKTS:BAESY) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 29,053 shares, a decrease of 73.9% from the March 31st total of 111,331 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 381,448 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BAESY shares. Sanford C. Bernstein cut Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 6th. Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Finally, Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Bae Systems currently has an average rating of “Moderate Buy”.

Bae Systems Trading Down 2.6%

Shares of Bae Systems stock opened at $109.97 on Friday. The company has a fifty day simple moving average of $118.42 and a 200-day simple moving average of $105.85. Bae Systems has a 12-month low of $84.50 and a 12-month high of $126.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99.

Institutional Trading of Bae Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC increased its position in Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 252 shares during the period. Hantz Financial Services Inc. lifted its position in Bae Systems by 73.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Bae Systems in the 3rd quarter valued at approximately $44,000. Atlas Capital Advisors Inc. purchased a new position in shares of Bae Systems in the 4th quarter valued at approximately $98,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Bae Systems by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About Bae Systems

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.