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

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) saw a large 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.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BW. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Babcock & Wilcox Enterprises in the first quarter valued at approximately $26,000. Thompson Davis & CO. Inc. purchased a new position in shares of Babcock & Wilcox Enterprises in the third quarter valued at approximately $41,000. Point72 DIFC Ltd purchased a new position in shares of Babcock & Wilcox Enterprises in the second quarter valued at approximately $42,000. Delta Financial Group Inc. lifted its position 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 acquiring an additional 10,000 shares in the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in shares of Babcock & Wilcox Enterprises in the third quarter valued at approximately $49,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Babcock & Wilcox Enterprises Price Performance

NYSE BW traded down $0.07 on Friday, reaching $1.77. 2,339,176 shares of the stock were exchanged, compared to its average volume of 1,438,843. The company’s 50-day simple moving average is $2.06 and its two-hundred day simple moving average is $1.60. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one 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.