Babylon Holdings Limited (NYSE:BBLN) Short Interest Down 56.6% in April

Babylon Holdings Limited (NYSE:BBLN – Get Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 263,100 shares, a decline of 56.6% from the April 15th total of 605,800 shares. Based on an average trading volume of 574,500 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Shares of BBLN stock traded down $0.05 on Friday, reaching $1.16. 1,572,005 shares of the stock were exchanged, compared to its average volume of 1,638,253. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average price is $3.21. Babylon has a 1-year low of $1.07 and a 1-year high of $16.00.

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Babylon during the 1st quarter worth $162,000. Nicholas Investment Partners LP purchased a new stake in Babylon during the 1st quarter worth $383,000. Qube Research & Technologies Ltd boosted its position in Babylon by 29.2% during the 1st quarter. Qube Research & Technologies Ltd now owns 339,830 shares of the company’s stock worth $1,322,000 after purchasing an additional 76,800 shares during the period. Norges Bank purchased a new stake in Babylon during the 4th quarter worth $2,614,000. Finally, Wells Fargo & Company MN purchased a new stake in Babylon during the 4th quarter worth $58,000.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Babylon from $14.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. BTIG Research dropped their price target on Babylon from $15.00 to $10.00 in a research report on Monday, April 25th. Zacks Investment Research upgraded Babylon from a “sell” rating to a “hold” rating in a research report on Wednesday. Berenberg Bank assumed coverage on Babylon in a research report on Thursday, April 28th. They issued a “hold” rating and a $5.50 price target on the stock. Finally, Citigroup lowered their price objective on Babylon from $5.00 to $1.50 in a report on Friday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $8.14.

Babylon Company Profile (Get Rating)

Babylon Holdings Limited operates as a digital healthcare company. It offers end-to-end care solution that facilities through its digital health suite, virtual care, in-person medical care, and post-care offerings. The company also provides Babylon Cloud services. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally.

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