Babylon Holdings Limited (NYSE:BBLN – Get Rating) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,000,000 shares, a growth of 47.1% from the November 15th total of 2,040,000 shares. Based on an average trading volume of 679,900 shares, the short-interest ratio is currently 4.4 days. Approximately 1.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Babylon
Several institutional investors have recently modified their holdings of BBLN. BNP Paribas Arbitrage SNC purchased a new stake in shares of Babylon during the 3rd quarter worth approximately $49,000. American International Group Inc. purchased a new stake in shares of Babylon during the 2nd quarter worth approximately $50,000. JPMorgan Chase & Co. boosted its stake in shares of Babylon by 886.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,221 shares of the company's stock worth $57,000 after acquiring an additional 52,319 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Babylon by 64.4% during the 3rd quarter. Raymond James & Associates now owns 125,033 shares of the company's stock worth $59,000 after acquiring an additional 49,000 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Babylon by 312.1% during the 2nd quarter. Millennium Management LLC now owns 60,986 shares of the company's stock worth $60,000 after acquiring an additional 46,186 shares in the last quarter.
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Babylon Stock Performance
NYSE BBLN opened at $0.44 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.30. The business's 50 day moving average is $0.50 and its two-hundred day moving average is $0.75. Babylon has a 12-month low of $0.37 and a 12-month high of $7.16.
Babylon shares are scheduled to reverse split before the market opens on Friday, December 16th. The 1-25 reverse split was announced on Friday, December 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, December 16th.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Babylon from $4.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday, November 11th. Canaccord Genuity Group dropped their price target on Babylon from $4.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday, November 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $4.57.
About Babylon
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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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