CAE Inc. (NYSE:CAE) Short Interest Up 7.4% in October

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,790,000 shares, an increase of 7.4% from the October 15th total of 3,530,000 shares. Based on an average daily trading volume, of 567,600 shares, the short-interest ratio is currently 6.7 days. Approximately 1.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CAE. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CAE currently has a consensus rating of “Hold” and an average price target of $25.00.

Institutional Investors Weigh In On CAE

A number of hedge funds and other institutional investors have recently modified their holdings of CAE. IHT Wealth Management LLC increased its stake in CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 802 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of CAE by 3.5% during the 2nd quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after buying an additional 857 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in CAE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 871 shares during the last quarter. Cromwell Holdings LLC grew its stake in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 1,100 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of NYSE CAE opened at $22.26 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $18.69 and a 200 day moving average price of $18.59. CAE has a 52 week low of $15.95 and a 52 week high of $22.34.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.