Short Interest in BAE Systems plc (OTCMKTS:BAESF) Declines By 9.9%

BAE Systems plc (OTCMKTS:BAESF) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,429,200 shares, a decline of 9.9% from the January 15th total of 1,587,000 shares. Based on an average daily volume of 98,300 shares, the short-interest ratio is currently 14.5 days.

Hedge Funds Weigh In On BAE Systems

A hedge fund recently raised its stake in BAE Systems stock. GAMMA Investing LLC grew its stake in BAE Systems plc (OTCMKTS:BAESF) by 311.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,187 shares of the company’s stock after purchasing an additional 4,683 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 at the end of the most recent quarter. 40.72% of the stock is owned by institutional investors and hedge funds.

BAE Systems Price Performance

Shares of BAESF opened at $15.60 on Tuesday. BAE Systems has a 12-month low of $14.03 and a 12-month high of $18.26. The firm has a fifty day moving average price of $14.93 and a 200-day moving average price of $16.21.

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.