CAE Inc. (NYSE:CAE) Sees Significant Growth in Short Interest

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,370,000 shares, an increase of 8.0% from the December 31st total of 4,970,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 500,300 shares, the short-interest ratio is currently 10.7 days.

CAE Price Performance

Shares of CAE stock opened at $23.37 on Tuesday. The business’s 50 day simple moving average is $23.94 and its two-hundred day simple moving average is $20.40. CAE has a one year low of $15.95 and a one year high of $25.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The stock has a market capitalization of $7.47 billion, a P/E ratio of -30.39, a price-to-earnings-growth ratio of 1.77 and a beta of 1.72.

Institutional Trading of CAE

Large investors have recently modified their holdings of the business. IHT Wealth Management LLC boosted its stake in shares of CAE by 3.7% during the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 802 shares in the last quarter. Allworth Financial LP grew its holdings in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 913 shares during the period. Cromwell Holdings LLC grew its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the period. Asset Planning Inc purchased a new stake in shares of CAE in the 4th quarter worth approximately $30,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after acquiring an additional 1,223 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CAE shares. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, CAE presently has a consensus rating of “Hold” and an average 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.