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

Babcock International Group PLC (OTCMKTS:BCKIY) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 29,578 shares, a decline of 30.8% from the January 15th total of 42,766 shares. Based on an average trading volume of 228,335 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 228,335 shares, the short-interest ratio is currently 0.1 days.

Babcock International Group Stock Up 0.6%

OTCMKTS:BCKIY opened at $17.90 on Friday. The firm has a 50-day simple moving average of $18.56 and a two-hundred day simple moving average of $16.42. Babcock International Group has a fifty-two week low of $7.60 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.74 and a current ratio of 0.82.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Babcock International Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Babcock International Group Company Profile

Babcock International Group plc is a leading global provider of critical, complex engineering support services. Headquartered in the United Kingdom, the company specializes in the design, construction, operation and maintenance of infrastructure and assets across defence, emergency services, transport, and energy sectors. Through a combination of technical expertise, asset management and specialist training, Babcock supports customers through the full lifecycle of their projects, from initial concept and procurement to long-term through-life support.

The company’s core activities encompass maritime and naval support, including the maintenance and refit of warships; aerospace services such as aircraft maintenance, repair and overhaul (MRO); and land-sector operations covering armoured vehicle support, munitions management and training solutions.