CAE Inc. (NYSE:CAE) Short Interest Up 8.0% in December

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,370,000 shares, an increase of 8.0% from the December 15th total of 4,970,000 shares. Based on an average trading volume of 500,300 shares, the days-to-cover ratio is presently 10.7 days. Approximately 1.7% of the shares of the company are sold short.

Hedge Funds Weigh In On CAE

A number of institutional investors have recently bought and sold shares of CAE. Cromwell Holdings LLC raised its stake in CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the period. Venturi Wealth Management LLC bought a new position in shares of CAE in the third quarter worth approximately $74,000. Allworth Financial LP raised its position in shares of CAE by 26.1% during the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares during the period. US Bancorp DE lifted its stake in shares of CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after buying an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of CAE during the 3rd quarter valued at $197,000. 67.36% of the stock is owned by institutional investors.

CAE Trading Up 0.3 %

CAE traded up $0.08 during trading on Friday, hitting $24.14. The company’s stock had a trading volume of 241,308 shares, compared to its average volume of 315,874. CAE has a one year low of $15.95 and a one year high of $25.53. The business’s 50 day simple moving average is $23.44 and its 200-day simple moving average is $19.98. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAE. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. TD Securities cut CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.00.

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.