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

BAE Systems plc (OTCMKTS:BAESF) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,215,100 shares, a growth of 52.2% from the December 15th total of 798,100 shares. Based on an average daily volume of 85,100 shares, the short-interest ratio is currently 14.3 days.

BAE Systems Price Performance

OTCMKTS:BAESF opened at $14.40 on Wednesday. The stock has a 50-day simple moving average of $15.60 and a two-hundred day simple moving average of $16.40. BAE Systems has a 52-week low of $14.03 and a 52-week high of $18.26.

Institutional Trading of 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,050 shares of the company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 40.72% of the company’s stock.

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.