Short Interest in Babcock International Group PLC (OTCMKTS:BCKIY) Declines By 82.5%

Babcock International Group PLC (OTCMKTS:BCKIY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 23,608 shares, a decrease of 82.5% from the August 15th total of 134,816 shares. Based on an average trading volume of 39,623 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Babcock International Group to a “strong-buy” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Babcock International Group Price Performance

BCKIY opened at $13.17 on Friday. Babcock International Group has a one year low of $12.15 and a one year high of $21.15. The company has a fifty day moving average price of $14.72 and a 200-day moving average price of $15.35. 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 Company Profile

Babcock International Group plc is a United Kingdom-based engineering and support services company serving the aerospace, defence and critical infrastructure markets. The company helps customers design, operate, maintain and modernize complex assets and services, with an emphasis on long-term operational support rather than the manufacture of finished consumer products.

Babcock’s activities include naval ship support, submarine and maritime services, military vehicle and equipment maintenance, aircraft engineering and training, emergency services aviation, and nuclear infrastructure support.