CAE Inc. (NYSE:CAE) Sees Large Increase in Short Interest

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 4,070,000 shares, an increase of 7.4% from the October 31st total of 3,790,000 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 610,100 shares, the short-interest ratio is currently 6.7 days.

Analysts Set New Price Targets

CAE has been the topic of several recent research reports. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.00.

CAE Stock Performance

Shares of CAE opened at $23.30 on Thursday. The firm has a 50-day moving average of $19.86 and a 200-day moving average of $18.78. CAE has a one year low of $15.95 and a one year high of $24.02. The company has a market cap of $7.42 billion, a PE ratio of -30.69, a price-to-earnings-growth 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CAE. IHT Wealth Management LLC boosted its holdings in shares of CAE by 3.7% during the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after buying an additional 802 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after buying an additional 871 shares during the period. Cromwell Holdings LLC boosted its holdings 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 worth $34,000 after buying an additional 915 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after buying an additional 1,223 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in CAE by 4.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 29,280 shares of the aerospace company’s stock worth $544,000 after purchasing an additional 1,264 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

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.