Babcock International Group PLC (OTCMKTS:BCKIY) Short Interest Down 64.1% in March

Babcock International Group PLC (OTCMKTS:BCKIY) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 11,100 shares, a drop of 64.1% from the March 15th total of 30,900 shares. Based on an average daily volume of 41,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Babcock International Group Trading Down 5.2 %

BCKIY stock opened at $9.53 on Thursday. The company has a 50 day moving average of $9.15 and a two-hundred day moving average of $7.42. Babcock International Group has a 12-month low of $5.96 and a 12-month high of $10.35. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.73.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Babcock International Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 10th.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.