BAE Systems plc (OTCMKTS:BAESY) Short Interest Down 54.1% in November

BAE Systems plc (OTCMKTS:BAESY) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 6,700 shares, a drop of 54.1% from the November 15th total of 14,600 shares. Based on an average daily volume of 493,200 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Bank of America reiterated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BAESY. Principal Street Partners LLC boosted its holdings in BAE Systems by 99.0% during the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 8,769 shares during the period. Rhumbline Advisers lifted its position in shares of BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after purchasing an additional 1,042 shares during the last quarter. Atlas Capital Advisors LLC boosted its stake in shares of BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares during the period. Dorsey Wright & Associates grew its holdings in shares of BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares during the last quarter. Finally, Altrius Capital Management Inc increased its stake in BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after buying an additional 2,470 shares during the period. Hedge funds and other institutional investors own 0.21% of the company’s stock.

BAE Systems Stock Performance

OTCMKTS:BAESY traded down $1.00 during midday trading on Friday, hitting $60.35. 131,624 shares of the company traded hands, compared to its average volume of 248,291. The firm’s fifty day moving average is $66.23 and its 200-day moving average is $67.42. BAE Systems has a 12-month low of $53.94 and a 12-month high of $72.81.

BAE Systems Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 9th. Investors of record on Friday, October 25th were paid a dividend of $0.6333 per share. The ex-dividend date of this dividend was Friday, October 25th.

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.