Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Sees Large Decrease in Short Interest

Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 3,330,000 shares, a decline of 21.3% from the April 30th total of 4,230,000 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,710,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. raised its position in Babcock & Wilcox Enterprises by 50.0% during the fourth 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. Two Sigma Advisers LP increased its position in shares of Babcock & Wilcox Enterprises by 106.7% during the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company's stock valued at $44,000 after purchasing an additional 13,800 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at about $27,000. Northern Trust Corp raised its holdings in shares of Babcock & Wilcox Enterprises by 13.8% during the 4th quarter. Northern Trust Corp now owns 146,996 shares of the technology company's stock valued at $241,000 after buying an additional 17,860 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Babcock & Wilcox Enterprises by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,724,713 shares of the technology company's stock worth $1,160,000 after buying an additional 22,452 shares during the last quarter. 83.17% of the stock is owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises Stock Down 4.3%

Shares of BW stock traded down $0.04 on Wednesday, reaching $0.80. The company's stock had a trading volume of 1,357,415 shares, compared to its average volume of 1,446,923. The company has a market capitalization of $79.10 million, a P/E ratio of -0.97 and a beta of 1.76. Babcock & Wilcox Enterprises has a 12-month low of $0.22 and a 12-month high of $2.99. The stock's 50 day simple moving average is $0.52 and its 200-day simple moving average is $1.14.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The business had revenue of $200.80 million during the quarter, compared to analysts' expectations of $213.07 million.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DA Davidson downgraded shares of Babcock & Wilcox Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Lake Street Capital decreased their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Wall Street Zen began coverage on shares of Babcock & Wilcox Enterprises in a research report on Tuesday, May 20th. They issued a "hold" rating for the company.

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.