Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Sees Large Growth in Short Interest

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,670,000 shares, a growth of 29.0% from the October 31st total of 2,070,000 shares. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

A number of hedge funds have recently added to or reduced their stakes in BW. Barclays PLC boosted its holdings in shares of Babcock & Wilcox Enterprises by 31,891.1% during the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock valued at $66,000 after acquiring an additional 32,210 shares in the last quarter. Geode Capital Management LLC raised its position in Babcock & Wilcox Enterprises by 2.0% in the third quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 12,159 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Babcock & Wilcox Enterprises by 2,372.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after purchasing an additional 697,845 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth about $49,000. Finally, Walleye Capital LLC acquired a new position in shares of Babcock & Wilcox Enterprises in the third quarter valued at approximately $117,000. Institutional investors own 83.17% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a report on Monday, November 18th.

Babcock & Wilcox Enterprises Stock Performance

BW traded down $0.02 during trading hours on Monday, reaching $1.96. The company’s stock had a trading volume of 72,572 shares, compared to its average volume of 1,411,447. The firm has a market cap of $184.82 million, a PE ratio of -2.40 and a beta of 1.73. Babcock & Wilcox Enterprises has a 52 week low of $0.75 and a 52 week high of $2.99. The company’s 50-day moving average is $2.21 and its 200-day moving average is $1.66.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.