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

Key Points

• Babcock International Group PLC experienced a significant 69.0% increase in short interest in September, with a total of 7,100 shares shorted as of September 15th.
• The company announced an increase in its dividend to $0.0487 per share, representing a yield of 51.0%, with payments scheduled for October 15th.
• Royal Bank of Canada upgraded Babcock International Group to a "moderate buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 7,100 shares, an increase of 69.0% from the August 31st total of 4,200 shares. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 0.3 days.

Babcock International Group Price Performance

Shares of OTCMKTS BCKIY opened at $17.67 on Monday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.90 and a quick ratio of 0.81. Babcock International Group has a 1 year low of $5.96 and a 1 year high of $18.18. The firm has a fifty day moving average price of $14.74 and a 200-day moving average price of $13.25.

Babcock International Group Increases Dividend

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

Analyst Ratings Changes

Separately, Royal Bank Of Canada upgraded Babcock International Group to a "moderate buy" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus 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.

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