Short Interest in Babcock International Group PLC (OTCMKTS:BCKIY) Declines By 34.4%

Babcock International Group PLC (OTCMKTS:BCKIY) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 42,617 shares, a drop of 34.4% from the March 15th total of 64,923 shares. Based on an average daily trading volume, of 85,364 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Babcock International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Babcock International Group presently has an average rating of “Strong Buy”.

Babcock International Group Price Performance

OTCMKTS:BCKIY opened at $17.35 on Wednesday. The stock has a fifty day moving average price of $18.05 and a 200 day moving average price of $17.46. Babcock International Group has a 12-month low of $9.49 and a 12-month high of $21.15. The company has a current ratio of 0.82, a quick ratio of 0.74 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.