BAE Systems plc (OTCMKTS:BAESF) Short Interest Update

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 798,100 shares, an increase of 16.8% from the November 30th total of 683,200 shares. Based on an average daily volume of 95,100 shares, the days-to-cover ratio is presently 8.4 days.

BAE Systems Trading Down 0.7 %

Shares of OTCMKTS BAESF traded down $0.04 during mid-day trading on Friday, reaching $14.38. The company had a trading volume of 40,421 shares, compared to its average volume of 37,455. The firm has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $16.64. BAE Systems has a 52-week low of $14.00 and a 52-week high of $18.26.

Institutional Trading of BAE Systems

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

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.