CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 4,280,000 shares, an increase of 5.2% from the November 15th total of 4,070,000 shares. Based on an average daily volume of 591,600 shares, the short-interest ratio is presently 7.2 days. Currently, 1.4% of the company’s stock are sold short.

CAE Trading Up 0.3 %

Shares of CAE stock opened at $23.62 on Wednesday. The company has a market cap of $7.53 billion, a price-to-earnings ratio of -30.68, a PEG ratio of 1.73 and a beta of 1.74. The stock has a 50 day simple moving average of $20.74 and a 200-day simple moving average of $19.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE has a 1-year low of $15.95 and a 1-year high of $24.02.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CAE. Bank of Montreal Can grew its position in shares of CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in CAE by 9.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after buying an additional 89,800 shares during the last quarter. Clearline Capital LP purchased a new stake in CAE in the 2nd quarter valued at $2,290,000. Intech Investment Management LLC acquired a new stake in shares of CAE in the 3rd quarter worth $2,432,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of CAE by 3.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after acquiring an additional 32,328 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CAE shares. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CAE presently has an average rating of “Hold” and a consensus price target of $25.00.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.