Short Interest in BAE Systems plc (OTCMKTS:BAESF) Grows By 22.0%

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 664,900 shares, an increase of 22.0% from the October 15th total of 544,800 shares. Based on an average trading volume of 27,000 shares, the days-to-cover ratio is currently 24.6 days.

BAE Systems Trading Down 3.6 %

Shares of OTCMKTS:BAESF traded down $0.62 during trading on Friday, reaching $16.53. 10,810 shares of the stock were exchanged, compared to its average volume of 37,304. BAE Systems has a 12 month low of $12.85 and a 12 month high of $18.26. The stock has a 50-day moving average price of $17.04 and a 200-day moving average price of $17.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC bought a new position in shares of BAE Systems plc (OTCMKTS:BAESF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,050 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 40.72% of the company’s stock.

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.