BAE Systems plc (OTCMKTS:BAESF) Short Interest Up 52.2% in December

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

BAE Systems Trading Down 0.0 %

BAE Systems stock traded down $0.01 during midday trading on Thursday, reaching $14.86. The stock had a trading volume of 27,598 shares, compared to its average volume of 44,827. BAE Systems has a 12 month low of $14.03 and a 12 month high of $18.26. The firm’s 50-day moving average price is $15.55 and its 200 day moving average price is $16.39.

Institutional Trading of BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC boosted its holdings in BAE Systems plc (OTCMKTS:BAESF) by 311.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,187 shares of the company’s stock after buying an additional 4,683 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.72% of the company’s stock.

BAE Systems Company Profile

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.