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

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,360,000 shares, a decrease of 11.6% from the November 15th total of 2,670,000 shares. Based on an average daily volume of 1,370,000 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Babcock & Wilcox Enterprises

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

Babcock & Wilcox Enterprises Stock Down 3.3 %

Shares of Babcock & Wilcox Enterprises stock traded down $0.06 during trading on Tuesday, hitting $1.76. 980,549 shares of the company were exchanged, compared to its average volume of 1,393,917. Babcock & Wilcox Enterprises has a fifty-two week low of $0.75 and a fifty-two week high of $2.99. The firm has a 50 day moving average price of $2.20 and a 200 day moving average price of $1.73. The stock has a market capitalization of $166.00 million, a price-to-earnings ratio of -2.12 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.