Short Interest in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Grows By 22.2%

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,200,000 shares, an increase of 22.2% from the September 15th total of 1,800,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Delta Financial Group Inc. increased its position in Babcock & Wilcox Enterprises by 90.9% in the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after acquiring an additional 10,000 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Babcock & Wilcox Enterprises in the second quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Babcock & Wilcox Enterprises in the 2nd quarter worth approximately $130,000. Millennium Management LLC lifted its holdings in Babcock & Wilcox Enterprises by 3.8% during the 2nd quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company’s stock worth $2,686,000 after buying an additional 67,617 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Babcock & Wilcox Enterprises in the 2nd quarter valued at $157,000. 83.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on BW. StockNews.com raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Craig Hallum lifted their target price on shares of Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a “hold” rating in a research report on Monday, July 8th.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE:BW opened at $2.93 on Wednesday. The stock has a market capitalization of $266.21 million, a price-to-earnings ratio of -1.21 and a beta of 1.74. The business’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.39. Babcock & Wilcox Enterprises has a fifty-two week low of $0.75 and a fifty-two week high of $3.12.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.19). The company had revenue of $233.60 million for the quarter, compared to analyst estimates of $262.20 million. Research analysts expect that Babcock & Wilcox Enterprises will post -0.03 EPS for the current fiscal year.

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.