Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Short Interest Down 30.2% in September

Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 1,800,000 shares, a decline of 30.2% from the August 31st total of 2,580,000 shares. Based on an average daily volume of 1,480,000 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Craig Hallum upped their price target on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a "hold" rating in a research note on Monday, July 8th. StockNews.com raised Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a research note on Thursday, August 15th.

Babcock & Wilcox Enterprises Price Performance

Shares of Babcock & Wilcox Enterprises stock traded up $0.09 during trading hours on Friday, hitting $1.90. The company's stock had a trading volume of 1,565,873 shares, compared to its average volume of 1,384,326. Babcock & Wilcox Enterprises has a 12 month low of $0.75 and a 12 month high of $4.32. The stock has a 50 day moving average of $1.29 and a 200 day moving average of $1.29. The company has a market capitalization of $172.92 million, a PE ratio of -0.79 and a beta of 1.72.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BW. Weiss Asset Management LP bought a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter worth about $28,000. Aristides Capital LLC acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $164,000. CastleKnight Management LP acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $744,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Babcock & Wilcox Enterprises during the first quarter valued at approximately $26,000. Finally, Russell Investments Group Ltd. boosted its position in Babcock & Wilcox Enterprises by 29.3% during the first quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company's stock valued at $980,000 after purchasing an additional 196,408 shares during the last quarter. 83.17% of the stock is currently owned by institutional investors.

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.