Babcock International Group PLC (OTCMKTS:BCKIY) Stock Short Interest Climbs 92.3%

Babcock International Group PLC (OTCMKTS:BCKIY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 57,337 shares, an increase of 92.3% from the September 30th total of 29,809 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 47,401 shares, the days-to-cover ratio is currently 1.2 days.

Babcock International Group Price Performance

BCKIY opened at $13.97 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $13.25 and its two-hundred day moving average price is $15.49. Babcock International Group has a twelve month low of $11.92 and a twelve month high of $21.15.

Analyst Ratings Changes

Several research analysts have commented on BCKIY shares. Barclays upgraded shares of Babcock International Group to a “strong-buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group upgraded Babcock International Group to a “hold” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Babcock International Group presently has a consensus rating of “Buy”.

Babcock International Group Company Profile

Babcock International Group plc is a United Kingdom-based engineering and support-services company that works primarily with governments, defense organizations and other highly regulated customers. The company provides long-term services designed to help customers operate, maintain and modernize critical assets and infrastructure.

Its activities include naval and marine support, defense equipment maintenance, aviation services, military training, land systems support, nuclear engineering and infrastructure management.