CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 4,280,000 shares, a growth of 5.2% from the November 15th total of 4,070,000 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 591,600 shares, the short-interest ratio is presently 7.2 days.

CAE Stock Performance

NYSE CAE opened at $23.28 on Monday. The business’s 50-day moving average price is $20.64 and its 200 day moving average price is $19.02. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a market cap of $7.42 billion, a P/E ratio of -30.23, a P/E/G ratio of 1.73 and a beta of 1.74. CAE has a 52-week low of $15.95 and a 52-week high of $24.02.

Analysts Set New Price Targets

A number of analysts recently issued reports on CAE shares. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC acquired a new stake in shares of CAE during the second quarter worth $33,000. Cromwell Holdings LLC boosted its holdings in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in CAE during the third quarter worth about $74,000. Allworth Financial LP lifted its position in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares during the period. Finally, US Bancorp DE boosted its holdings in CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 1,803 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.