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

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 2,070,000 shares, a decrease of 20.4% from the October 15th total of 2,600,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Babcock & Wilcox Enterprises during the first quarter worth approximately $26,000. Thompson Davis & CO. Inc. bought a new stake in shares of Babcock & Wilcox Enterprises in the third quarter valued at approximately $41,000. Point72 DIFC Ltd bought a new stake in shares of Babcock & Wilcox Enterprises in the second quarter valued at approximately $42,000. Delta Financial Group Inc. boosted its stake in shares of Babcock & Wilcox Enterprises by 90.9% in the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after buying an additional 10,000 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in Babcock & Wilcox Enterprises during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Trading Down 3.8 %

Shares of NYSE:BW traded down $0.07 during trading on Friday, reaching $1.77. 2,339,176 shares of the company traded hands, compared to its average volume of 1,438,843. The firm has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $1.60. Babcock & Wilcox Enterprises has a 1-year low of $0.75 and a 1-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.