Babcock & Wilcox Enterprises Inc (NYSE:BW) Shorted Shares Increased 7.03% After Market Selling

May 17, 2018 - By Paula Hilliard

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Logo

The stock of Babcock & Wilcox Enterprises Inc (NYSE:BW) registered an increase of 7.03% in short interest. BW’s total short interest was 13.57M shares in May as published by FINRA. Its up 7.03% from 12.68M shares, reported previously. With 1.50M shares average volume, it will take short sellers 9 days to cover their BW’s short positions. The short interest to Babcock & Wilcox Enterprises Inc’s float is 38.86%.

The stock decreased 4.23% or $0.119 during the last trading session, reaching $2.691. About 732,676 shares traded. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 50.39% since May 17, 2017 and is downtrending. It has underperformed by 61.94% the S&P500.

Babcock & Wilcox Enterprises, Inc. provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. The company has market cap of $453.81 million. The Company’s Power segment offers boiler cleaning and material handling equipment; supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators; and air pollution control products and related equipment, such as carbon dioxide capture and sequestration technologies, wet and dry flue gas desulfurization systems, catalytic and non-catalytic nitrogen oxides reduction systems, low nitrogen oxides burners and overfire air systems, fabric filter baghouses, wet and dry electrostatic precipitators, mercury control systems, and dry sorbent injection for acid gas mitigation. It currently has negative earnings. This segment also offers replacement parts, retrofit and upgrade projects, fuel switching and repowering projects, and training programs; and field technical, construction and maintenance, start-up and commissioning, and plant activities and maintenance services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: