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

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

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Babcock & Wilcox Enterprises by 11.6% in the first quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock valued at $3,819,000 after purchasing an additional 352,607 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Babcock & Wilcox Enterprises by 91.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock worth $4,593,000 after purchasing an additional 1,073,775 shares during the period. Millennium Management LLC grew its holdings in Babcock & Wilcox Enterprises by 3.8% during the 2nd quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company’s stock valued at $2,686,000 after buying an additional 67,617 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Babcock & Wilcox Enterprises by 1.5% during the third quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock valued at $2,998,000 after buying an additional 21,694 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Babcock & Wilcox Enterprises by 8.3% in the second quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock worth $1,559,000 after buying an additional 82,100 shares in the last quarter. Institutional investors own 83.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Babcock & Wilcox Enterprises Stock Down 1.0 %

Babcock & Wilcox Enterprises stock traded down $0.02 during mid-day trading on Monday, reaching $1.96. 72,572 shares of the company’s stock were exchanged, compared to its average volume of 1,411,447. The firm has a market capitalization of $184.82 million, a PE ratio of -2.40 and a beta of 1.73. The business’s fifty day simple moving average is $2.21 and its 200 day simple moving average is $1.66. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one year high of $2.99.

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.