Short Interest in Bae Systems PLC (OTCMKTS:BAESY) Increases By 309.7%

Bae Systems PLC (OTCMKTS:BAESY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 88,467 shares, a growth of 309.7% from the June 30th total of 21,594 shares. Based on an average daily volume of 481,336 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Bae Systems Price Performance

BAESY stock opened at $105.06 on Friday. The business has a fifty day moving average price of $101.88 and a 200 day moving average price of $109.52. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Bae Systems has a fifty-two week low of $84.50 and a fifty-two week high of $126.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new position in Bae Systems during the 4th quarter worth about $98,000. PNC Financial Services Group Inc. increased its position 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 valued at $157,000 after acquiring an additional 140 shares in the last quarter. Riverbridge Partners LLC bought a new position in shares of Bae Systems in the first quarter worth about $221,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Bae Systems during the first quarter valued at approximately $307,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Bae Systems in the fourth quarter valued at approximately $250,000. 0.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. Finally, Erste Group Bank lowered shares of Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.