Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Short Interest Update

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,360,000 shares, a decline of 11.6% from the November 15th total of 2,670,000 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in BW. Thompson Davis & CO. Inc. purchased a new stake in Babcock & Wilcox Enterprises in the 3rd quarter worth $41,000. Delta Financial Group Inc. lifted its position in shares of Babcock & Wilcox Enterprises by 90.9% in the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after buying an additional 10,000 shares in the last quarter. Hilltop Holdings Inc. bought a new position in Babcock & Wilcox Enterprises during the third quarter valued at approximately $49,000. Point72 DIFC Ltd purchased a new position in Babcock & Wilcox Enterprises during the 2nd quarter valued at approximately $42,000. Finally, Barclays PLC increased its stake in Babcock & Wilcox Enterprises by 31,891.1% in the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after acquiring an additional 32,210 shares during the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd.

Babcock & Wilcox Enterprises Price Performance

NYSE:BW traded up $0.05 during mid-day trading on Friday, hitting $1.86. 926,610 shares of the company’s stock were exchanged, compared to its average volume of 1,396,349. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one year high of $2.99. The business has a fifty day moving average price of $2.22 and a 200 day moving average price of $1.72. The company has a market cap of $175.44 million, a PE ratio of -2.24 and a beta of 1.70.

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.