Short Interest in CAE Inc. (NYSE:CAE) Expands By 16.1%

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,970,000 shares, an increase of 16.1% from the November 30th total of 4,280,000 shares. Based on an average daily trading volume, of 560,800 shares, the days-to-cover ratio is currently 8.9 days. Approximately 1.6% of the shares of the company are sold short.

Hedge Funds Weigh In On CAE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cromwell Holdings LLC lifted its stake in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of CAE in the third quarter worth about $74,000. Allworth Financial LP boosted its stake in CAE by 26.1% during 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 during the last quarter. US Bancorp DE grew its holdings in CAE by 28.9% during the 3rd 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 bought a new stake in CAE in the 3rd quarter worth approximately $197,000. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and a consensus price target of $25.00.

CAE Trading Up 0.2 %

CAE stock opened at $25.38 on Wednesday. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of -32.96, a PEG ratio of 1.73 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE has a 1-year low of $15.95 and a 1-year high of $25.53. The business has a 50 day simple moving average of $22.01 and a two-hundred day simple moving average of $19.52.

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.