Will BAE SYSTEMS PLC SPONSORED ADR (OTCMKTS:BAESY) Run Out of Steam Soon? Short Interest is Up

May 17, 2018 - By Gloria Calhoun

BAE Systems plc (OTCMKTS:BAESY) Logo

The stock of BAE SYSTEMS PLC SPONSORED ADR (OTCMKTS:BAESY) registered an increase of 2035.09% in short interest. BAESY’s total short interest was 608,500 shares in May as published by FINRA. Its up 2035.09% from 28,500 shares, reported previously. With 770,200 shares average volume, it will take short sellers 1 days to cover their BAESY’s short positions. The short interest to BAE SYSTEMS PLC SPONSORED ADR’s float is 0.08%.

The stock increased 0.66% or $0.23 during the last trading session, reaching $35.31. About 37,102 shares traded. BAE Systems plc (OTCMKTS:BAESY) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

BAE Systems plc operates as a defense, aerospace, and security firm worldwide. The company has market cap of $27.74 billion. The Company’s Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems. It has a 23.6 P/E ratio. The company's Cyber & Intelligence segment develops and supports mission software and systems in geospatial, intelligence, surveillance, reconnaissance, and mission management areas; provides analytic solutions and support to the US government; and systems engineering, integration, and through-life support services for US defense and coalition partner customers.

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