BAE Systems plc (OTCMKTS:BAESY – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 11,100 shares, a decline of 35.8% from the July 15th total of 17,300 shares. Based on an average daily volume of 891,800 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of BAE Systems
Large investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC acquired a new position in BAE Systems during the second quarter worth $682,000. AdvisorShares Investments LLC bought a new stake in shares of BAE Systems during the 4th quarter worth about $699,000. GAMMA Investing LLC lifted its stake in BAE Systems by 16.4% during the first quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 218 shares during the period. SVB Wealth LLC lifted its stake in shares of BAE Systems by 13.0% during the fourth quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 546 shares during the period. Finally, Rhumbline Advisers lifted its position in BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 1,042 shares in the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.
BAE Systems Price Performance
Shares of OTCMKTS BAESY traded up $1.42 during trading hours on Thursday, reaching $69.74. The stock had a trading volume of 75,101 shares, compared to its average volume of 288,634. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. BAE Systems has a 52-week low of $47.81 and a 52-week high of $72.81. The business’s fifty day moving average price is $66.95 and its two-hundred day moving average price is $66.92.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on BAESY
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.
Featured Articles
- Five stocks we like better than BAE Systems
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
- The How And Why of Investing in Oil Stocks
- Walmart Stock: Buy the Rip or Wait for the Dip?
- What is the Dogs of the Dow Strategy? Overview and Examples
- 3 Stocks to Buy for a Soft Landing, If There Is One
Receive News & Ratings for BAE Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems and related companies with MarketBeat.com's FREE daily email newsletter.