CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 5,370,000 shares, a growth of 8.0% from the December 31st total of 4,970,000 shares. Based on an average trading volume of 500,300 shares, the days-to-cover ratio is currently 10.7 days. Approximately 1.7% of the company’s stock are sold short.

CAE Stock Performance

NYSE CAE traded up $0.34 during trading hours on Tuesday, hitting $23.43. The company had a trading volume of 26,201 shares, compared to its average volume of 466,710. The firm has a market cap of $7.49 billion, a P/E ratio of -30.45, a price-to-earnings-growth ratio of 1.77 and a beta of 1.72. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $25.53. The business has a fifty day simple moving average of $23.94 and a 200-day simple moving average of $20.40.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after acquiring an additional 77,489 shares during the last quarter. Intech Investment Management LLC acquired a new stake in CAE in the 3rd quarter valued at about $2,432,000. Pinnacle Associates Ltd. lifted its holdings in CAE by 3.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after acquiring an additional 32,328 shares during the last quarter. Geode Capital Management LLC raised its holdings in CAE by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after buying an additional 103,081 shares during the period. Finally, Nexus Investment Management ULC raised its holdings in CAE by 2.8% during the 3rd quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock worth $27,950,000 after buying an additional 40,000 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CAE shares. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.00.

About CAE

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.