Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Sees Significant Growth in Short Interest

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 10,060,000 shares, an increase of 21.5% from the January 15th total of 8,280,000 shares. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is presently 6.6 days.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR traded up $0.02 during trading on Monday, reaching $34.55. The stock had a trading volume of 503,733 shares, compared to its average volume of 1,181,641. The stock has a market capitalization of $4.04 billion, a PE ratio of -2.78 and a beta of 1.80. Spirit AeroSystems has a 52 week low of $28.30 and a 52 week high of $37.08. The business’s 50-day moving average price is $33.82 and its 200 day moving average price is $33.22.

Analysts Set New Price Targets

SPR has been the topic of several research reports. StockNews.com began coverage on shares of Spirit AeroSystems in a report on Wednesday, February 12th. They set a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Finally, TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems in the 4th quarter worth approximately $32,000. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems in the 3rd quarter worth approximately $32,000. Quest Partners LLC acquired a new position in Spirit AeroSystems during the 3rd quarter worth $49,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $67,000. 93.59% of the stock is owned by institutional investors.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.