Short Interest in Babcock International Group PLC (OTCMKTS:BCKIY) Declines By 43.4%

Babcock International Group PLC (OTCMKTS:BCKIY) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 25,300 shares, a drop of 43.4% from the February 13th total of 44,700 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 2.1 days. Currently, 0.0% of the company’s stock are short sold.

Babcock International Group Price Performance

Shares of BCKIY opened at $10.30 on Friday. The business’s fifty day simple moving average is $7.63 and its two-hundred day simple moving average is $6.91. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.73. Babcock International Group has a 12 month low of $5.96 and a 12 month high of $10.33.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Babcock International Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.