BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 897,300 shares, a growth of 226.5% from the February 28th total of 274,800 shares. Based on an average daily volume of 2,100,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BAESY. Bank of America reiterated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th. Berenberg Bank lowered BAE Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in BAE Systems in the 4th quarter valued at about $26,000. Sit Investment Associates Inc. lifted its stake in BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after purchasing an additional 2,285 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares in the last quarter. Ramirez Asset Management Inc. grew its position in BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock worth $3,899,000 after buying an additional 2,211 shares during the last quarter. Finally, Altrius Capital Management Inc increased its holdings in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares in the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

BAE Systems Stock Performance

Shares of OTCMKTS:BAESY traded up $0.66 during trading on Friday, reaching $83.01. The company had a trading volume of 377,876 shares, compared to its average volume of 627,698. The firm’s fifty day moving average is $71.34 and its 200 day moving average is $66.92. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. BAE Systems has a twelve month low of $56.19 and a twelve month high of $89.03.

BAE Systems Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, April 22nd will be given a $1.0442 dividend. This is an increase from BAE Systems’s previous dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 22nd.

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.