BAE Systems plc (OTCMKTS:BAESY) Short Interest Up 154.3% in January

BAE Systems plc (OTCMKTS:BAESY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 56,700 shares, an increase of 154.3% from the December 31st total of 22,300 shares. Based on an average daily trading volume, of 497,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On BAE Systems

Several institutional investors and hedge funds have recently bought and sold shares of BAESY. Nisa Investment Advisors LLC bought a new position in shares of BAE Systems in the 4th quarter worth approximately $26,000. Principal Street Partners LLC boosted its stake in shares of BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 8,769 shares during the last quarter. Dorsey Wright & Associates boosted 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 buying an additional 5,936 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its stake in shares of BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after buying an additional 2,470 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

BAE Systems Trading Down 4.3 %

Shares of BAESY traded down $2.70 during midday trading on Thursday, reaching $59.55. The stock had a trading volume of 604,539 shares, compared to its average volume of 225,044. BAE Systems has a 12-month low of $56.19 and a 12-month high of $72.81. The company’s 50-day moving average is $60.48 and its 200 day moving average is $65.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91.

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.