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

CAE Inc. (NYSE:CAE) (TSE:CAE) saw a large increase in short interest during 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. Based on an average trading volume of 500,300 shares, the short-interest ratio is currently 10.7 days. Approximately 1.7% of the company’s stock are sold short.

Institutional Investors Weigh In On CAE

Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC raised its holdings in CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 802 shares during the period. Allworth Financial LP raised its stake in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the period. Cromwell Holdings LLC lifted its position in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares in the last quarter. Asset Planning Inc bought a new position in shares of CAE during the 4th quarter valued at approximately $30,000. Finally, Hantz Financial Services Inc. lifted its holdings in 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 purchasing an additional 1,223 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

CAE opened at $23.37 on Tuesday. CAE has a 12-month low of $15.95 and a 12-month high of $25.53. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -30.39, a PEG ratio of 1.77 and a beta of 1.72. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $23.94 and its 200 day moving average is $20.40.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAE shares. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.00.

CAE Company Profile

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.