Short Interest in BAE Systems plc (OTCMKTS:BAESF) Grows By 52.2%

BAE Systems plc (OTCMKTS:BAESFGet Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,215,100 shares, an increase of 52.2% from the December 15th total of 798,100 shares. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is presently 14.3 days.

BAE Systems Stock Down 0.0 %

Shares of BAESF traded down $0.01 during trading hours on Thursday, reaching $14.86. 27,598 shares of the stock traded hands, compared to its average volume of 44,827. BAE Systems has a 52 week low of $14.03 and a 52 week high of $18.26. The stock has a fifty day simple moving average of $15.55 and a 200 day simple moving average of $16.39.

Institutional Investors Weigh In On BAE Systems

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC purchased a new position in shares of BAE Systems plc (OTCMKTS:BAESFFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,050 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 40.72% of the company’s stock.

BAE Systems Company Profile

(Get Free Report)

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.

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