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Babcock International Group PLC (OTCMKTS:BCKIY) Sees Large Decrease in Short Interest

Babcock International Group logo with Construction background

Key Points

  • Babcock International Group PLC experienced an 81.9% decrease in short interest in July, dropping from 36,500 shares to 6,600 shares.
  • The company's stock opened at $13.55 with a 52-week high of $16.40 and a 52-week low of $5.96.
  • Babcock International Group operates in sectors such as aerospace, defense, and security with four main segments: Marine, Nuclear, Land, and Aviation.
  • MarketBeat previews the top five stocks to own by October 1st.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,600 shares, adeclineof81.9% from the July 15th total of 36,500 shares. Based on an average trading volume of 34,000 shares, the short-interest ratio is currently 0.2 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average trading volume of 34,000 shares, the short-interest ratio is currently 0.2 days.

Babcock International Group Price Performance

OTCMKTS BCKIY traded up $0.1960 during trading hours on Wednesday, reaching $13.2960. The stock had a trading volume of 9,969 shares, compared to its average volume of 24,505. The stock has a fifty day moving average of $14.28 and a 200 day moving average of $11.66. Babcock International Group has a 52-week low of $5.96 and a 52-week high of $16.40. 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 Increases Dividend

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

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Babcock International Group

About Babcock International Group

(Get Free Report)

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.

Further Reading

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