Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Short Interest Down 28.8% in March

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,000,000 shares, a decline of 28.8% from the February 28th total of 2,810,000 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 971,600 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Babcock & Wilcox Enterprises Trading Down 4.7 %

Shares of NYSE:BW traded down $0.03 during mid-day trading on Monday, reaching $0.68. The company had a trading volume of 1,081,511 shares, compared to its average volume of 1,236,045. Babcock & Wilcox Enterprises has a one year low of $0.64 and a one year high of $2.99. The company’s 50-day moving average price is $1.15 and its 200-day moving average price is $1.67. The firm has a market cap of $63.76 million, a price-to-earnings ratio of -0.81 and a beta of 1.84.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42).

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Several large investors have recently modified their holdings of BW. BNP Paribas Financial Markets bought a new position in Babcock & Wilcox Enterprises in the 4th quarter worth approximately $27,000. Boothbay Fund Management LLC bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter worth $38,000. Two Sigma Advisers LP grew its position in shares of Babcock & Wilcox Enterprises by 106.7% in the fourth quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock valued at $44,000 after purchasing an additional 13,800 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at $46,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of Babcock & Wilcox Enterprises during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.