Short Interest in CAE Inc. (NYSE:CAE) Grows By 8.0%

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of CAE in the third quarter valued at approximately $74,000. Allworth Financial LP increased its position in shares of CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares in the last quarter. US Bancorp DE increased its position in shares of CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after buying an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of CAE in the third quarter valued at approximately $197,000. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Trading Up 0.3 %

Shares of NYSE:CAE opened at $24.14 on Tuesday. CAE has a 12-month low of $15.95 and a 12-month high of $25.53. The company has a market capitalization of $7.69 billion, a PE ratio of -31.36, a PEG ratio of 1.76 and a beta of 1.72. The business has a 50 day moving average of $23.54 and a two-hundred day moving average of $20.02. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

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.