BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 21,100 shares, an increase of 90.1% from the July 31st total of 11,100 shares. Based on an average trading volume of 208,100 shares, the days-to-cover ratio is presently 0.1 days.BAE Systems Stock Up 0.5 %Semiconductor stocks soar on federal funding, hope for rate cutsBAESY stock opened at $70.30 on Wednesday. The company's 50 day simple moving average is $66.73 and its 200-day simple moving average is $67.42. BAE Systems has a 12 month low of $47.81 and a 12 month high of $72.81. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. Institutional Trading of BAE SystemsSeveral large investors have recently modified their holdings of BAESY. Renaissance Group LLC acquired a new stake in shares of BAE Systems in the first quarter valued at approximately $7,239,000. AdvisorShares Investments LLC purchased a new position in shares of BAE Systems during the fourth quarter valued at approximately $699,000. Confluence Investment Management LLC purchased a new position in shares of BAE Systems during the second quarter valued at approximately $682,000. Atlas Capital Advisors LLC lifted its stake in shares of BAE Systems by 68.9% during the second 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 period. Finally, GAMMA Investing LLC purchased a new position in shares of BAE Systems during the fourth quarter valued at approximately $81,000. 0.21% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and DowngradesBAESY has been the topic of a number of recent analyst reports. Citigroup upgraded shares of BAE Systems from a "neutral" rating to a "buy" rating in a research note on Monday, July 29th. Bank of America lowered shares of BAE Systems from a "buy" rating to a "neutral" rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold".Read Our Latest Analysis on BAESYBAE Systems Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than BAE Systems3 Warren Buffett Stocks to Buy NowStudy: How Much Are Retirees Earning from Side Hustles in 2024?Are Penny Stocks a Good Fit for Your Portfolio?Brinker International Offers a Pullback Opportunity on EPS MissBest Stocks Under $10.00 Globant Is an Emerging AI Play That’s Expanding Its Footprint This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ 140% Yields From Stocks Like Tesla? Here's How (Labor Day Special) (From Investors Alley) (Ad)Should you invest $1,000 in BAE Systems right now?Before you consider BAE Systems, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BAE Systems wasn't on the list.While BAE Systems currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here