Short Interest in BAE Systems plc (OTCMKTS:BAESF) Declines By 23.6%

BAE Systems plc (OTCMKTS:BAESF) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 683,200 shares, a drop of 23.6% from the November 15th total of 894,800 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is currently 32.1 days.

Hedge Funds Weigh In On BAE Systems

A hedge fund recently bought a new stake in BAE Systems stock. Eagle Bay Advisors LLC purchased a new stake in shares of BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,050 shares of the company’s stock, valued at approximately $34,000. 40.72% of the stock is currently owned by institutional investors and hedge funds.

BAE Systems Stock Performance

OTCMKTS BAESF opened at $15.39 on Friday. The company’s fifty day moving average is $16.65 and its two-hundred day moving average is $16.89. BAE Systems has a 52-week low of $13.28 and a 52-week high of $18.26.

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.