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

Babcock International Group PLC (OTCMKTS:BCKIYGet Free Report) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 167,060 shares, a growth of 984.2% from the February 12th total of 15,408 shares. Based on an average daily trading volume, of 49,279 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 49,279 shares, the days-to-cover ratio is presently 3.4 days.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Babcock International Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Get Our Latest Analysis on Babcock International Group

Babcock International Group Trading Down 1.9%

Babcock International Group stock opened at $18.89 on Thursday. Babcock International Group has a twelve month low of $7.97 and a twelve month high of $21.15. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average price is $19.30 and its two-hundred day moving average price is $17.11.

Babcock International Group Company Profile

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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.

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