Babcock International Group PLC (OTCMKTS:BCKIY) Sees Significant Decline in Short Interest

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 25,300 shares, a decrease of 43.4% from the February 13th total of 44,700 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.0% of the company's stock are short sold.

Babcock International Group Stock Performance

Shares of BCKIY stock traded up $0.04 during trading hours on Tuesday, reaching $10.25. 23,599 shares of the stock were exchanged, compared to its average volume of 19,547. The business's fifty day moving average is $7.70 and its two-hundred day moving average is $6.95. The company has a quick ratio of 0.81, a current ratio of 0.89 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.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of 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.