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

Babcock International Group PLC (OTCMKTS:BCKIY) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 8,596 shares, a decrease of 85.0% from the October 15th total of 57,337 shares. Based on an average daily trading volume, of 42,107 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays raised Babcock International Group to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group upgraded Babcock International Group to a “hold” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Babcock International Group Trading Down 5.1%

Shares of OTCMKTS:BCKIY opened at $13.33 on Friday. The business has a fifty day moving average price of $13.17 and a two-hundred day moving average price of $15.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.71 and a current ratio of 0.80. Babcock International Group has a 1 year low of $11.92 and a 1 year high of $21.15.

About Babcock International Group

Babcock International Group is a United Kingdom-based engineering and support-services company focused on defence, aerospace and critical infrastructure. It provides services throughout the life cycle of complex assets, including engineering, maintenance, training and technical support. The company’s activities include supporting naval vessels and submarines, military equipment and vehicles, and military and civil aviation. It also works in the nuclear sector, providing services such as infrastructure support and decommissioning.