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

Babcock International Group PLC (OTCMKTS:BCKIY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 30,900 shares, an increase of 22.1% from the February 28th total of 25,300 shares. Based on an average daily volume of 67,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Babcock International Group Price Performance

BCKIY opened at $9.43 on Wednesday. Babcock International Group has a 1 year low of $5.96 and a 1 year high of $10.35. The company’s 50 day simple moving average is $8.48 and its 200 day simple moving average is $7.21. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.89 and a quick ratio of 0.81.

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.