Short Interest in BAE Systems plc (OTCMKTS:BAESY) Rises By 249.3%

BAE Systems plc (OTCMKTS:BAESY) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 23,400 shares, a growth of 249.3% from the November 30th total of 6,700 shares. Based on an average daily trading volume, of 320,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BAESY. Atlas Capital Advisors LLC grew its stake in shares of BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after purchasing an additional 1,650 shares during the last quarter. Rhumbline Advisers boosted its stake in BAE Systems by 29.3% during the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after purchasing an additional 1,042 shares during the last quarter. Principal Street Partners LLC lifted its holdings in shares of BAE Systems by 99.0% during the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 8,769 shares during the period. Dorsey Wright & Associates lifted its stake in shares of BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares during the period. Finally, Altrius Capital Management Inc grew its holdings in BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock valued at $7,266,000 after purchasing an additional 2,470 shares during the period. 0.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America reissued an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th.

BAE Systems Trading Down 0.3 %

OTCMKTS BAESY traded down $0.51 on Thursday, reaching $57.64. The company had a trading volume of 80,109 shares, compared to its average volume of 248,046. BAE Systems has a 52-week low of $55.00 and a 52-week high of $72.81. The company’s fifty day moving average is $64.80 and its 200 day moving average is $66.67.

BAE Systems Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, October 25th were paid a $0.6333 dividend. The ex-dividend date of this dividend was Friday, October 25th.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.