Babcock International Group PLC (OTCMKTS:BCKIY) Stock Short Interest Declines 85.0%

Babcock International Group PLC (OTCMKTS:BCKIY) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 8,596 shares, a decrease of 85.0% from the October 15th total of 57,337 shares. Based on an average trading volume of 42,107 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Babcock International Group Trading Down 1.9%

Shares of BCKIY stock opened at $14.05 on Thursday. Babcock International Group has a 1-year low of $11.92 and a 1-year high of $21.15. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $13.17 and its 200-day simple moving average is $15.28.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BCKIY. The Goldman Sachs Group upgraded Babcock International Group to a “hold” rating in a report on Thursday, October 8th. Barclays upgraded Babcock International Group to a “strong-buy” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Babcock International Group

Babcock International Group is a United Kingdom-based engineering and support-services company focused on defence, aerospace and critical infrastructure. It provides services throughout the life cycle of complex assets, including engineering, maintenance, training and technical support. The company’s activities include supporting naval vessels and submarines, military equipment and vehicles, and military and civil aviation. It also works in the nuclear sector, providing services such as infrastructure support and decommissioning.