Babcock International Group PLC (OTCMKTS:BCKIF) Sees Significant Growth in Short Interest

Babcock International Group PLC (OTCMKTS:BCKIF) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,800 shares, an increase of 7.7% from the October 15th total of 2,600 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is currently 2.2 days.

Babcock International Group Stock Performance

Shares of OTCMKTS BCKIF opened at $5.12 on Friday. The business has a 50-day moving average of $4.81 and a 200-day moving average of $4.34. Babcock International Group has a fifty-two week low of $3.32 and a fifty-two week high of $5.39.

Analyst Ratings Changes

Several research firms have weighed in on BCKIF. Berenberg Bank lifted their target price on Babcock International Group from GBX 400 ($4.91) to GBX 450 ($5.53) in a report on Monday, July 31st. Liberum Capital downgraded Babcock International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Morgan Stanley lifted their price target on Babcock International Group from GBX 410 ($5.03) to GBX 440 ($5.40) in a research note on Tuesday, July 25th. Jefferies Financial Group lifted their price target on Babcock International Group from GBX 460 ($5.65) to GBX 500 ($6.14) in a research note on Monday, July 31st. Finally, Citigroup raised Babcock International Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st.

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.