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

Babcock International Group PLC (OTCMKTS:BCKIF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 77,500 shares, an increase of 9,587.5% from the October 31st total of 800 shares. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is currently 4.1 days.

Babcock International Group Stock Performance

OTCMKTS BCKIF remained flat at $6.58 during trading on Wednesday. Babcock International Group has a 12 month low of $4.77 and a 12 month high of $7.50. The business’s fifty day moving average is $6.39 and its 200-day moving average is $6.56.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. It operates through four segments: Marine, Nuclear, Land, and Aviation.