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

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

Institutional Investors Weigh In On BAE Systems

A number of institutional investors have recently added to or reduced their stakes in BAESY. Confluence Investment Management LLC acquired a new stake in BAE Systems during the second quarter worth about $682,000. GAMMA Investing LLC lifted its stake in BAE Systems by 20.8% during the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 322 shares during the period. Atlas Capital Advisors LLC lifted its stake in BAE Systems by 68.9% during 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 during the period. Rhumbline Advisers lifted 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. Finally, Altrius Capital Management Inc lifted its stake in BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after purchasing an additional 2,470 shares during the period. 0.21% of the stock is owned by institutional investors and hedge funds.

BAE Systems Stock Up 0.2 %

BAESY stock traded up $0.10 during trading on Friday, reaching $65.19. 111,862 shares of the stock were exchanged, compared to its average volume of 204,855. BAE Systems has a twelve month low of $51.72 and a twelve month high of $72.81. The stock has a 50 day simple moving average of $67.46 and a 200-day simple moving average of $68.04.

BAE Systems Cuts Dividend

The company also recently announced 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.

Analysts Set New Price Targets

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

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.