Elbit Systems Ltd. (NASDAQ:ESLT) Short Interest Update

Elbit Systems Ltd. (NASDAQ:ESLT) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 54,900 shares, an increase of 15.1% from the October 15th total of 47,700 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 24,600 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On Elbit Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESLT. Mackenzie Financial Corp increased its position in shares of Elbit Systems by 4.0% in the second quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 56 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Elbit Systems by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock worth $598,000 after purchasing an additional 72 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Elbit Systems by 0.8% during the 2nd quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock worth $1,545,000 after purchasing an additional 73 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Elbit Systems by 56.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after buying an additional 84 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Elbit Systems by 0.7% in the third quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock valued at $2,482,000 after buying an additional 92 shares in the last quarter. 17.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

Elbit Systems Stock Performance

Shares of ESLT opened at $236.88 on Monday. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 43.54 and a beta of 0.51. Elbit Systems has a 12 month low of $175.30 and a 12 month high of $241.30. The firm has a fifty day simple moving average of $211.18 and a 200 day simple moving average of $198.03. The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.