Short Interest in BAE Systems plc (OTCMKTS:BAESF) Increases By 16.8%

BAE Systems plc (OTCMKTS:BAESF) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 798,100 shares, a growth of 16.8% from the November 30th total of 683,200 shares. Based on an average daily trading volume, of 95,100 shares, the short-interest ratio is currently 8.4 days.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Eagle Bay Advisors LLC acquired a new position in shares of BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,050 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 40.72% of the company’s stock.

BAE Systems Stock Performance

BAESF stock opened at $14.34 on Tuesday. The company’s fifty day simple moving average is $16.08 and its 200 day simple moving average is $16.60. BAE Systems has a 12-month low of $14.15 and a 12-month 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.