Short Interest in CAE Inc. (NYSE:CAE) Grows By 8.0%

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a significant 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 daily volume of 500,300 shares, the short-interest ratio is presently 10.7 days. Approximately 1.7% of the shares of the company are sold short.

CAE Stock Performance

CAE traded up $0.08 during trading on Monday, hitting $24.14. The stock had a trading volume of 241,308 shares, compared to its average volume of 315,874. The firm has a market cap of $7.69 billion, a PE ratio of -31.36, a P/E/G ratio of 1.76 and a beta of 1.72. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. CAE has a 12 month low of $15.95 and a 12 month high of $25.53. The company has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $19.98.

Institutional Trading of CAE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cromwell Holdings LLC increased its position in shares of 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 purchasing an additional 915 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in CAE during the 3rd quarter worth about $74,000. Allworth Financial LP increased its position in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares in the last quarter. US Bancorp DE lifted its holdings in CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after buying an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in CAE during the 3rd quarter worth $197,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

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

About CAE

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.