Babcock International Group PLC (OTCMKTS:BCKIY) Short Interest Down 88.0% in August

Key Points

• Babcock International Group PLC experienced a significant decline in short interest, dropping by 88.0% in August, with only 4,200 shares sold short compared to 34,900 earlier in the month.
• The company's stock rose by 3.6% to $15.54, while its current ratio stands at 0.90 and its debt-to-equity ratio is at 1.57.
• Babcock International Group announced an increase in its dividend to $0.0487 per share, reflecting a 51.0% yield, payable on October 15th.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,200 shares, a decline of 88.0% from the August 15th total of 34,900 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 91,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 91,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's shares are sold short.

Babcock International Group Stock Up 3.6%

BCKIY traded up $0.54 during trading on Thursday, hitting $15.54. 11,830 shares of the stock were exchanged, compared to its average volume of 24,882. The stock has a fifty day moving average price of $14.05 and a two-hundred day moving average price of $12.35. Babcock International Group has a 1-year low of $5.96 and a 1-year high of $16.40. The company has a current ratio of 0.90, a quick ratio of 0.81 and a debt-to-equity ratio of 1.57.

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 represents a yield of 51.0%. This is a boost from Babcock International Group's previous dividend of $0.03. The ex-dividend date is Friday, August 22nd.

Analyst Ratings Changes

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

About Babcock International Group

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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