Babcock International Group PLC (OTCMKTS:BCKIF) Sees Significant Increase in Short Interest

Babcock International Group PLC (OTCMKTS:BCKIF) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 77,500 shares, an increase of 9,587.5% from the October 31st total of 800 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is presently 4.1 days.

Babcock International Group Stock Performance

Shares of BCKIF stock remained flat at $6.58 during mid-day trading on Wednesday. Babcock International Group has a fifty-two week low of $4.77 and a fifty-two week high of $7.50. The company’s 50-day simple moving average is $6.39 and its two-hundred day simple moving average is $6.56.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. It operates through four segments: Marine, Nuclear, Land, and Aviation.