Bae Systems PLC (OTCMKTS:BAESY) Short Interest Up 75.5% in May

Bae Systems PLC (OTCMKTS:BAESY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 48,909 shares, a growth of 75.5% from the May 14th total of 27,861 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 477,762 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Bae Systems Price Performance

Shares of BAESY stock opened at $102.22 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. The firm’s 50 day moving average is $110.50 and its 200 day moving average is $107.69. Bae Systems has a 12 month low of $84.50 and a 12 month high of $126.00.

Institutional Trading of Bae Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Bae Systems by 9.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock worth $157,000 after purchasing an additional 140 shares in the last quarter. Rhumbline Advisers lifted its stake in Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after purchasing an additional 158 shares in the last quarter. RNC Capital Management LLC lifted its stake in Bae Systems by 4.2% in the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock worth $525,000 after purchasing an additional 227 shares in the last quarter. Confluence Investment Management LLC lifted its stake in Bae Systems by 4.7% in the 4th quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock worth $1,188,000 after purchasing an additional 577 shares in the last quarter. Finally, First Merchants Corp lifted its stake in Bae Systems by 1.3% in the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after purchasing an additional 854 shares in the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

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.