BAE Systems plc (OTCMKTS:BAESY) Short Interest Up 249.3% in December

BAE Systems plc (OTCMKTS:BAESY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 23,400 shares, an increase of 249.3% from the November 30th total of 6,700 shares. Based on an average daily volume of 320,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BAE Systems

Several large investors have recently made changes to their positions in BAESY. Principal Street Partners LLC increased its position in BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 8,769 shares during the period. Dorsey Wright & Associates raised its holdings in shares of BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after purchasing an additional 5,936 shares during the last quarter. Altrius Capital Management Inc boosted its stake in shares of BAE Systems by 2.3% during the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after buying an additional 2,470 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after buying an additional 1,650 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of BAE Systems by 29.3% during the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after acquiring an additional 1,042 shares during the period. Institutional investors and hedge funds own 0.21% of the company’s stock.

BAE Systems Stock Down 0.3 %

Shares of OTCMKTS:BAESY traded down $0.51 during trading on Thursday, reaching $57.64. 80,109 shares of the stock were exchanged, compared to its average volume of 248,046. BAE Systems has a 12-month low of $55.00 and a 12-month high of $72.81. The firm’s 50-day moving average price is $64.80 and its 200 day moving average price is $66.67.

BAE Systems Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, October 25th were issued a dividend of $0.6333 per share. The ex-dividend date was Friday, October 25th.

Analyst Upgrades and Downgrades

Separately, Bank of America reissued an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th.

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.