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

Babcock International Group PLC (OTCMKTS:BCKIY) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 57,337 shares, an increase of 92.3% from the September 30th total of 29,809 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 47,401 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BCKIY shares. Barclays raised shares of Babcock International Group to a “strong-buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group raised shares of Babcock International Group to a “hold” rating in a research report on Thursday, October 8th. Two investment 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, Babcock International Group currently has an average rating of “Buy”.

Babcock International Group Stock Performance

BCKIY stock traded up $0.36 during mid-day trading on Monday, hitting $14.07. 3,001 shares of the company were exchanged, compared to its average volume of 39,156. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.71 and a current ratio of 0.80. The firm’s 50 day simple moving average is $13.28 and its 200 day simple moving average is $15.53. Babcock International Group has a 1-year low of $11.92 and a 1-year high of $21.15.

Babcock International Group Company Profile

Babcock International Group plc is a United Kingdom-based engineering and support-services company that works primarily with governments, defense organizations and other highly regulated customers. The company provides long-term services designed to help customers operate, maintain and modernize critical assets and infrastructure.

Its activities include naval and marine support, defense equipment maintenance, aviation services, military training, land systems support, nuclear engineering and infrastructure management.