Short Interest in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Decreases By 11.6%

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

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 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. Jacobs Levy Equity Management Inc. grew its stake in shares of Babcock & Wilcox Enterprises by 2,372.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after buying an additional 697,845 shares during the period. Vanguard Group Inc. increased its holdings 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 worth $3,819,000 after buying an additional 352,607 shares during the last quarter. Marshall Wace LLP acquired a new position in Babcock & Wilcox Enterprises in the second quarter valued at $157,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Babcock & Wilcox Enterprises during the second quarter valued at about $130,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Price Performance

BW stock traded down $0.06 during midday trading on Tuesday, hitting $1.76. The stock had a trading volume of 980,549 shares, compared to its average volume of 1,393,917. Babcock & Wilcox Enterprises has a 12-month low of $0.75 and a 12-month high of $2.99. The firm has a market cap of $166.00 million, a PE ratio of -2.12 and a beta of 1.70. The company’s 50-day moving average price is $2.20 and its 200 day moving average price is $1.73.

Analyst Upgrades and Downgrades

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

Babcock & Wilcox Enterprises Company Profile

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.