Short Interest in BAE Systems plc (OTCMKTS:BAESF) Drops By 30.0%

BAE Systems plc (OTCMKTS:BAESFGet Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 205,600 shares, a decrease of 30.0% from the August 15th total of 293,900 shares. Based on an average daily volume of 15,700 shares, the short-interest ratio is presently 13.1 days.

BAE Systems Trading Down 0.3 %

Shares of OTCMKTS BAESF opened at $13.03 on Friday. BAE Systems has a 12-month low of $8.51 and a 12-month high of $13.20. The stock has a fifty day moving average price of $12.48 and a 200 day moving average price of $12.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BAE Systems stock. Cullen Capital Management LLC bought a new position in shares of BAE Systems plc (OTCMKTS:BAESFFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 707,776 shares of the company’s stock, valued at approximately $8,580,000. 40.72% of the stock is currently owned by hedge funds and other institutional investors.

BAE Systems Company Profile

(Get Free Report)

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.

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