Short Interest in BAE Systems plc (OTCMKTS:BAESF) Drops By 37.7%

BAE Systems plc (OTCMKTS:BAESF) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 888,200 shares, a decline of 37.7% from the February 13th total of 1,425,500 shares. Based on an average daily volume of 155,300 shares, the days-to-cover ratio is currently 5.7 days.

BAE Systems Trading Up 3.7 %

BAESF traded up $0.78 during trading on Friday, reaching $21.55. 91,571 shares of the company’s stock were exchanged, compared to its average volume of 78,842. BAE Systems has a one year low of $14.03 and a one year high of $22.43. The firm has a fifty day moving average price of $16.62 and a two-hundred day moving average price of $16.52.

Institutional Investors Weigh In On BAE Systems

A hedge fund recently raised its stake in BAE Systems stock. GAMMA Investing LLC boosted its holdings in shares of BAE Systems plc (OTCMKTS:BAESF) by 311.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,187 shares of the company’s stock after acquiring an additional 4,683 shares during the quarter. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 at the end of the most recent quarter. 40.72% of the stock is owned by institutional investors and hedge funds.

About BAE Systems

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.