BAE Systems plc (OTCMKTS:BAESF) Sees Large Drop in Short Interest

BAE Systems plc (OTCMKTS:BAESF) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 683,200 shares, a decline of 23.6% from the November 15th total of 894,800 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is currently 32.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC purchased a new position in BAE Systems plc (OTCMKTS:BAESF) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,050 shares of the company’s stock, valued at approximately $34,000. 40.72% of the stock is owned by institutional investors and hedge funds.

BAE Systems Stock Performance

Shares of OTCMKTS:BAESF traded down $0.10 on Friday, reaching $15.25. 28,461 shares of the company were exchanged, compared to its average volume of 37,322. BAE Systems has a 1-year low of $13.28 and a 1-year high of $18.26. The company has a 50-day moving average of $16.61 and a 200-day moving average of $16.86.

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.