Babylon Holdings Limited (NYSE:BBLN) Short Interest Update - bdsthanhhoavn.com

Babylon Holdings Limited (NYSE:BBLN) Short Interest Update


Babylon Holdings Limited (NYSE:BBLN – Get Rating) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,140,000 shares, an increase of 119.9% from the May 15th total of 518,300 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 961,500 shares, the short-interest ratio is presently 1.2 days.

NYSE:BBLN traded down $0.04 during trading hours on Friday, reaching $1.13. The company’s stock had a trading volume of 870,546 shares, compared to its average volume of 1,192,901. The firm has a 50-day simple moving average of $1.89 and a 200-day simple moving average of $4.31. Babylon has a 1 year low of $0.95 and a 1 year high of $16.00. The company has a debt-to-equity ratio of 3.30, a current ratio of 2.20 and a quick ratio of 2.20.

Babylon (NYSE:BBLN – Get Rating) last issued its earnings results on Thursday, May 12th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The company had revenue of $266.45 million for the quarter, compared to the consensus estimate of $238.49 million. Research analysts anticipate that Babylon will post -1.12 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in BBLN. Wells Fargo & Company MN purchased a new position in shares of Babylon in the fourth quarter valued at about $58,000. Mirabella Financial Services LLP purchased a new position in shares of Babylon in the fourth quarter valued at about $63,000. JPMorgan Chase & Co. bought a new stake in shares of Babylon during the 4th quarter valued at about $63,000. Goldman Sachs Group Inc. bought a new stake in shares of Babylon during the 4th quarter valued at about $66,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Babylon during the 4th quarter valued at about $137,000.

BBLN has been the subject of several analyst reports. Berenberg Bank initiated coverage on shares of Babylon in a report on Thursday, April 28th. They issued a “hold” rating and a $5.50 price target for the company. Citigroup lowered their price objective on shares of Babylon from $5.00 to $1.50 in a research report on Friday, May 13th. Canaccord Genuity Group lowered their price objective on shares of Babylon from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, May 16th. Finally, BTIG Research lowered their price objective on shares of Babylon from $15.00 to $10.00 in a research report on Monday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Babylon has a consensus rating of “Buy” and a consensus target price of $7.71.

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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