BAE Systems plc (OTCMKTS:BAESY) Short Interest Down 56.0% in September

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 20,200 shares, a drop of 56.0% from the August 31st total of 45,900 shares. Based on an average daily volume of 176,200 shares, the days-to-cover ratio is currently 0.1 days.

BAE Systems Stock Down 1.8 %

Shares of BAE Systems stock opened at $66.63 on Friday. The business has a 50-day simple moving average of $67.91 and a 200-day simple moving average of $68.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97. BAE Systems has a one year low of $47.81 and a one year high of $72.81.

Analysts Set New Price Targets

Separately, Citigroup raised shares of BAE Systems from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th.

Institutional Trading of BAE Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of BAESY. Rhumbline Advisers grew its position in BAE Systems by 29.3% during the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after purchasing an additional 1,042 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of BAE Systems by 20.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after buying an additional 322 shares in the last quarter. Confluence Investment Management LLC acquired a new position in BAE Systems during the second quarter worth $682,000. Finally, Renaissance Group LLC acquired a new stake in BAE Systems in the first quarter valued at $7,239,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

BAE Systems Company Profile

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.