BAE Systems plc (OTCMKTS:BAESF) Short Interest Down 23.6% in November

BAE Systems plc (OTCMKTS:BAESF) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 683,200 shares, a drop of 23.6% from the November 15th total of 894,800 shares. Based on an average daily trading volume, of 21,300 shares, the days-to-cover ratio is presently 32.1 days.

Institutional Trading of BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Eagle Bay Advisors LLC acquired a new stake in BAE Systems plc (OTCMKTS:BAESF) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,050 shares of the company’s stock, valued at approximately $34,000. 40.72% of the stock is owned by institutional investors.

BAE Systems Price Performance

OTCMKTS BAESF traded down $0.10 on Friday, reaching $15.25. The stock had a trading volume of 28,461 shares, compared to its average volume of 37,322. BAE Systems has a 12-month low of $13.28 and a 12-month high of $18.26. The business’s 50-day moving average price is $16.65 and its 200 day moving average price is $16.89.

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.