Babcock International Group PLC (OTCMKTS:BCKIY) Sees Large Decrease in Short Interest

Babcock International Group PLC (OTCMKTS:BCKIY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 23,608 shares, a drop of 82.5% from the August 15th total of 134,816 shares. Based on an average daily volume of 39,623 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Babcock International Group Trading Up 0.0%

Babcock International Group stock opened at $13.17 on Friday. The business’s fifty day moving average is $14.72 and its two-hundred day moving average is $15.35. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.71. Babcock International Group has a 52 week low of $12.15 and a 52 week high of $21.15.

Analyst Ratings Changes

Separately, Barclays raised shares of Babcock International Group to a “strong-buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Babcock International Group currently has an average rating of “Strong Buy”.

About Babcock International Group

Babcock International Group plc is a United Kingdom-based engineering and support services company serving the aerospace, defence and critical infrastructure markets. The company helps customers design, operate, maintain and modernize complex assets and services, with an emphasis on long-term operational support rather than the manufacture of finished consumer products.

Babcock’s activities include naval ship support, submarine and maritime services, military vehicle and equipment maintenance, aircraft engineering and training, emergency services aviation, and nuclear infrastructure support.