Short Interest in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Increases By 16.9%

Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,840,000 shares, an increase of 16.9% from the March 15th total of 4,140,000 shares. Based on an average daily volume of 1,530,000 shares, the days-to-cover ratio is currently 3.2 days.

Babcock & Wilcox Enterprises Trading Up 1.9 %

Shares of BW stock traded up $0.02 during mid-day trading on Friday, reaching $1.05. The stock had a trading volume of 1,505,374 shares, compared to its average volume of 2,622,667. Babcock & Wilcox Enterprises has a 12-month low of $0.75 and a 12-month high of $6.64. The company has a market cap of $93.95 million, a P/E ratio of -0.44 and a beta of 1.36. The business has a 50-day simple moving average of $1.19 and a 200 day simple moving average of $1.67.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.22) EPS for the quarter. The company had revenue of $227.20 million during the quarter, compared to analysts' expectations of $255.20 million. Research analysts anticipate that Babcock & Wilcox Enterprises will post 0.24 EPS for the current year.

Analysts Set New Price Targets

BW has been the subject of a number of recent analyst reports. Lake Street Capital reduced their target price on Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com raised Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a report on Friday. Finally, DA Davidson dropped their price target on Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, March 19th.

Insider Buying and Selling

In related news, CEO Kenneth M. Young purchased 29,229 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of $1.03 per share, with a total value of $30,105.87. Following the completion of the acquisition, the chief executive officer now directly owns 241,745 shares in the company, valued at $248,997.35. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased a total of 59,229 shares of company stock valued at $62,006 over the last three months. 3.19% of the stock is currently owned by company insiders.

Institutional Trading of Babcock & Wilcox Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BW. B. Riley Financial Inc. increased its stake in shares of Babcock & Wilcox Enterprises by 0.6% during the 4th quarter. B. Riley Financial Inc. now owns 27,446,522 shares of the technology company's stock valued at $40,072,000 after acquiring an additional 157,883 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Babcock & Wilcox Enterprises by 5.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,145,694 shares of the technology company's stock valued at $39,272,000 after acquiring an additional 339,045 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Babcock & Wilcox Enterprises by 5.8% during the 2nd quarter. BlackRock Inc. now owns 4,331,351 shares of the technology company's stock worth $25,555,000 after purchasing an additional 239,331 shares during the period. Vanguard Group Inc. grew its holdings in shares of Babcock & Wilcox Enterprises by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,284,462 shares of the technology company's stock worth $20,955,000 after purchasing an additional 625,418 shares during the period. Finally, B. Riley Asset Management LLC purchased a new stake in shares of Babcock & Wilcox Enterprises during the 1st quarter worth about $12,500,000. Hedge funds and other institutional investors own 83.17% of the company's stock.

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.