CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a significant growth in short interest in 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. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 500,300 shares, the days-to-cover ratio is presently 10.7 days.

Institutional Trading of CAE

A number of institutional investors have recently modified their holdings of CAE. Dimensional Fund Advisors LP raised its holdings in shares of CAE by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 922,622 shares of the aerospace company’s stock worth $17,145,000 after buying an additional 114,229 shares in the last quarter. Truist Financial Corp grew its position in CAE by 10.4% during the second quarter. Truist Financial Corp now owns 84,490 shares of the aerospace company’s stock valued at $1,570,000 after buying an additional 7,935 shares during the period. NBC Securities Inc. grew its position in CAE by 17.5% during the third quarter. NBC Securities Inc. now owns 18,521 shares of the aerospace company’s stock valued at $347,000 after buying an additional 2,752 shares during the period. Nexus Investment Management ULC lifted its holdings in shares of CAE by 2.8% in the third 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 in the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in CAE by 6.7% in the third quarter. Stanley Laman Group Ltd. now owns 224,392 shares of the aerospace company’s stock valued at $4,207,000 after purchasing an additional 14,169 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CAE Stock Performance

CAE traded up $0.34 during trading on Tuesday, hitting $23.43. The stock had a trading volume of 26,201 shares, compared to its average volume of 466,710. The company has a 50 day moving average price of $23.94 and a 200-day moving average price of $20.40. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of -30.45, a P/E/G ratio of 1.77 and a beta of 1.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE has a one year low of $15.95 and a one year high of $25.53.

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.