Short Interest in Babcock International Group PLC (OTCMKTS:BCKIY) Drops By 61.1%

Babcock International Group PLC (OTCMKTS:BCKIY) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 64,923 shares, a decrease of 61.1% from the February 26th total of 167,060 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 113,966 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

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

Babcock International Group Stock Down 2.7%

OTCMKTS BCKIY traded down $0.44 during trading hours on Friday, reaching $15.72. The company’s stock had a trading volume of 20,507 shares, compared to its average volume of 53,624. The firm has a fifty day simple moving average of $18.94 and a 200-day simple moving average of $17.37. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. Babcock International Group has a 52 week low of $7.97 and a 52 week high of $21.15.

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.