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

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 15,400 shares, a decrease of 28.4% from the May 15th total of 21,500 shares. Based on an average trading volume of 127,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Babcock International Group Stock Up 3.8%

OTCMKTS BCKIY traded up $0.55 during trading hours on Friday, reaching $15.00. 21,923 shares of the company traded hands, compared to its average volume of 35,038. The company has a 50 day moving average of $12.35 and a two-hundred day moving average of $9.38. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.73. Babcock International Group has a 12 month low of $5.96 and a 12 month high of $15.38.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Babcock International Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 10th.

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.