Short Interest in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Grows By 28.0%

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,560,000 shares, a growth of 28.0% from the March 15th total of 2,000,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $27,000. Boothbay Fund Management LLC acquired a new stake in Babcock & Wilcox Enterprises in the fourth quarter valued at about $38,000. Two Sigma Advisers LP grew its position in 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 acquiring an additional 13,800 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter worth about $46,000. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Babcock & Wilcox Enterprises by 50.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock valued at $49,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Trading Down 15.8 %

Shares of Babcock & Wilcox Enterprises stock traded down $0.05 during trading on Monday, reaching $0.28. The stock had a trading volume of 624,140 shares, compared to its average volume of 1,313,832. Babcock & Wilcox Enterprises has a 52 week low of $0.24 and a 52 week high of $2.99. The stock has a fifty day moving average price of $0.82 and a two-hundred day moving average price of $1.53. The company has a market capitalization of $27.70 million, a price-to-earnings ratio of -0.34 and a beta of 1.46.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its quarterly earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The company had revenue of $200.80 million during the quarter, compared to analyst estimates of $213.07 million.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BW. StockNews.com started coverage on Babcock & Wilcox Enterprises in a research note on Friday. They set a “sell” rating for the company. Lake Street Capital reduced their price objective on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Finally, DA Davidson lowered shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th.

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.