Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Short Interest Up 29.0% in November

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) was the target of a large growth in short interest in 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 daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 2.0 days.

Babcock & Wilcox Enterprises Price Performance

BW traded down $0.01 during trading hours on Monday, reaching $1.97. The company’s stock had a trading volume of 690,310 shares, compared to its average volume of 1,414,257. The business’s 50-day moving average is $2.21 and its 200-day moving average is $1.66. The stock has a market cap of $185.81 million, a PE ratio of -2.36 and a beta of 1.73. Babcock & Wilcox Enterprises has a fifty-two week low of $0.75 and a fifty-two week high of $2.99.

Wall Street Analyst Weigh In

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

Institutional Trading of Babcock & Wilcox Enterprises

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

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.