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

Babcock International Group PLC (OTCMKTS:BCKIF) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,000 shares, a drop of 83.9% from the July 31st total of 6,200 shares. Based on an average daily volume of 3,700 shares, the short-interest ratio is currently 0.3 days.

Babcock International Group Price Performance

Shares of Babcock International Group stock remained flat at $6.52 during trading hours on Thursday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 7,316. Babcock International Group has a 1-year low of $4.53 and a 1-year high of $7.50. The business’s 50 day moving average is $6.58 and its 200 day moving average is $6.58.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. It operates through four segments: Marine, Nuclear, Land, and Aviation.