BAE Systems plc (OTCMKTS:BAESF) Sees Large Increase in Short Interest

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 517,600 shares, an increase of 63.6% from the May 15th total of 316,400 shares. Based on an average trading volume of 60,100 shares, the short-interest ratio is currently 8.6 days.

BAE Systems Stock Down 3.6 %

BAESF stock traded down $0.64 during mid-day trading on Friday, reaching $17.15. 9,192 shares of the stock traded hands, compared to its average volume of 57,849. The business has a 50-day moving average of $17.20 and a two-hundred day moving average of $15.89. BAE Systems has a 52 week low of $11.35 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.