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

Key Points

• Short interest fell 61.1% to 64,923 shares as of March 13, leaving a days-to-cover ratio of 0.6 and effectively 0.0% of shares sold short.
• Citigroup downgraded Babcock from "strong-buy" to "hold," and the stock's MarketBeat consensus rating is currently "Hold."
• BCKIY traded down 3.9% to $16.38, with a 50-day moving average of $19.01, a 200-day average of $17.37, and a 12‑month range of $7.97–$21.15.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 64,923 shares, a decline of 61.1% from the February 26th total of 167,060 shares. Based on an average daily volume of 113,966 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Babcock International Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Babcock International Group Trading Down 3.9%

BCKIY traded down $0.67 during trading on Thursday, hitting $16.38. 6,560 shares of the stock traded hands, compared to its average volume of 54,413. The business has a 50 day moving average price of $19.01 and a 200 day moving average price of $17.37. Babcock International Group has a twelve month low of $7.97 and a twelve month high of $21.15. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 0.97.

Babcock International Group Company Profile

Babcock International Group plc is a leading global provider of critical, complex engineering support services. Headquartered in the United Kingdom, the company specializes in the design, construction, operation and maintenance of infrastructure and assets across defence, emergency services, transport, and energy sectors. Through a combination of technical expertise, asset management and specialist training, Babcock supports customers through the full lifecycle of their projects, from initial concept and procurement to long-term through-life support.

The company's core activities encompass maritime and naval support, including the maintenance and refit of warships; aerospace services such as aircraft maintenance, repair and overhaul (MRO); and land-sector operations covering armoured vehicle support, munitions management and training solutions.

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