Short Interest in Babcock International Group PLC (OTCMKTS:BCKIY) Drops By 64.1%

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 11,100 shares, a decline of 64.1% from the March 15th total of 30,900 shares. Based on an average daily volume of 41,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Babcock International Group Stock Up 7.5 %

BCKIY stock traded up $0.71 during mid-day trading on Friday, reaching $10.24. The company's stock had a trading volume of 13,558 shares, compared to its average volume of 18,084. 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 $10.35. The business's 50 day moving average price is $9.20 and its 200 day moving average price is $7.45.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Babcock International Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 10th.

About Babcock International Group

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.