Bae Systems PLC (OTCMKTS:BAESY) Short Interest Up 97.4% in February

Bae Systems PLC (OTCMKTS:BAESY) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 397,630 shares, a growth of 97.4% from the January 29th total of 201,471 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,142,203 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 1,142,203 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Bae Systems Stock Up 0.9%

OTCMKTS:BAESY opened at $116.00 on Friday. The company has a 50-day moving average price of $106.69 and a 200-day moving average price of $100.97. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. Bae Systems has a 12 month low of $71.16 and a 12 month high of $118.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Altrius Capital Management Inc raised its position in shares of Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after acquiring an additional 4,911 shares in the last quarter. Ramirez Asset Management Inc. raised its holdings in Bae Systems by 6.8% in the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after purchasing an additional 4,527 shares in the last quarter. First Merchants Corp lifted its position in Bae Systems by 3.6% during the fourth quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock valued at $6,231,000 after buying an additional 2,338 shares during the period. Arrow Capital Pty Ltd bought a new stake in shares of Bae Systems during the 3rd quarter valued at $5,531,000. Finally, Sit Investment Associates Inc. grew its position in shares of Bae Systems by 2.6% in the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock worth $3,295,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BAESY. Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Bae Systems Company Profile

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.