Babcock International Group PLC (OTCMKTS:BCKIY) Short Interest Update

Key Points

• Babcock International Group PLC experienced a significant rise in short interest, increasing by 428.8% in August to a total of 34,900 shares.
• Royal Bank of Canada upgraded Babcock's rating to a "moderate buy", contributing to an overall average rating of "Strong Buy" among analysts.
• The company declared a dividend increase to $0.0487 per share, which reflects a substantial 51.0% yield and will be paid on October 15th.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 34,900 shares, agrowthof428.8% from the July 31st total of 6,600 shares. Based on an average daily volume of 59,200 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 59,200 shares, the days-to-cover ratio is presently 0.6 days.

Babcock International Group Price Performance

Shares of BCKIY traded up $0.30 on Friday, hitting $14.71. The company's stock had a trading volume of 6,965 shares, compared to its average volume of 28,669. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.90 and a quick ratio of 0.81. The firm's fifty day moving average price is $14.08 and its 200-day moving average price is $12.27. Babcock International Group has a fifty-two week low of $5.96 and a fifty-two week high of $16.40.

Babcock International Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, August 25th will be given a $0.0487 dividend. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 51.0%. This is a boost from Babcock International Group's previous dividend of $0.03.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised Babcock International Group to a "moderate buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

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.