BAE Systems plc (OTCMKTS:BAESY) Short Interest Up 92.1% in November

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,600 shares, a growth of 92.1% from the October 31st total of 7,600 shares. Based on an average daily volume of 318,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On BAE Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates increased its stake in shares of BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after acquiring an additional 5,936 shares during the last quarter. Principal Street Partners LLC raised its stake in shares of BAE Systems by 99.0% during the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 8,769 shares in the last quarter. Altrius Capital Management Inc lifted its holdings in shares of BAE Systems by 2.3% during the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock valued at $7,266,000 after buying an additional 2,470 shares during the last quarter. Rhumbline Advisers grew its stake in shares of 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 buying an additional 1,042 shares in the last quarter. Finally, 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 buying an additional 1,650 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

BAE Systems Stock Performance

Shares of OTCMKTS BAESY opened at $62.44 on Friday. BAE Systems has a one year low of $51.72 and a one year high of $72.81. The business has a 50-day moving average price of $67.37 and a two-hundred day moving average price of $68.00.

BAE Systems Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.