BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 7,800 shares, a decline of 61.4% from the September 15th total of 20,200 shares. Based on an average trading volume of 537,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On BAE Systems

A number of hedge funds have recently bought and sold shares of BAESY. GAMMA Investing LLC grew its holdings in BAE Systems by 16.4% during the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 218 shares during the period. Rhumbline Advisers grew its stake in BAE Systems by 29.3% during the second 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 period. Atlas Capital Advisors LLC increased its holdings in BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new position in BAE Systems in the second quarter valued at approximately $682,000. Institutional investors own 0.21% of the company’s stock.

Analysts Set New Price Targets

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

BAE Systems Stock Up 1.3 %

BAE Systems stock opened at $66.31 on Friday. The stock’s 50 day moving average is $68.33 and its 200 day moving average is $68.15. BAE Systems has a one year low of $51.15 and a one year high of $72.81.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, October 25th will be paid a $0.6333 dividend. The ex-dividend date of this dividend is Friday, October 25th.

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.