Is Buying Bwx Tech Incorporated (NYSE:BWXT), Having Lower Short Interest a Winning Strategy?

September 17, 2017 - By reb123z

 Is Buying Bwx Tech Incorporated (NYSE:BWXT), Having Lower Short Interest a Winning Strategy?

The stock of Bwx Tech Incorporated (NYSE:BWXT) registered a decrease of 26.09% in short interest. BWXT’s total short interest was 1.36M shares in September as published by FINRA. Its down 26.09% from 1.84M shares, reported previously. With 498,500 shares average volume, it will take short sellers 3 days to cover their BWXT’s short positions.

The stock increased 0.28% or $0.15 on September 15, reaching $53.44. About 642,914 shares traded or 12.88% up from the average. BWX Technologies Inc (NYSE:BWXT) has risen 41.41% since September 17, 2016 and is uptrending. It has outperformed by 24.71% the S&P500.

BWX Technologies, Inc. is a manufacturer of nuclear components and a service provider. The company has market cap of $5.31 billion. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. It has a 27.91 P/E ratio. The Company’s divisions include Nuclear Operations, Technical Services, Nuclear Energy and Other.

BWX Technologies Inc (NYSE:BWXT) Ratings Coverage

Among 7 analysts covering BWX Technologies (NYSE:BWXT), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. BWX Technologies had 9 analyst reports since October 13, 2015 according to SRatingsIntel. Bank of America maintained BWX Technologies Inc (NYSE:BWXT) on Thursday, August 10 with “Buy” rating. The stock of BWX Technologies Inc (NYSE:BWXT) earned “Buy” rating by Suntrust Robinson on Thursday, January 19. The stock of BWX Technologies Inc (NYSE:BWXT) has “Buy” rating given on Friday, March 18 by Sidoti. The firm earned “Hold” rating on Friday, April 1 by Drexel Hamilton. KeyBanc Capital Markets reinitiated BWX Technologies Inc (NYSE:BWXT) on Tuesday, October 13 with “Overweight” rating. Bank of America upgraded the stock to “Buy” rating in Tuesday, March 21 report. The company was downgraded on Friday, November 18 by Bank of America.

More notable recent BWX Technologies Inc (NYSE:BWXT) news were published by: Nasdaq.com which released: “BWX Technologies, Inc. (BWXT) Ex-Dividend Date Scheduled for August 17, 2017” on August 16, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Microchip Technology, Ryder System and BWX Technologies” published on August 15, 2017, Fool.com published: “Why BWX Technologies Inc. Bounced 12% Higher” on February 28, 2017. More interesting news about BWX Technologies Inc (NYSE:BWXT) were released by: Nasdaq.com and their article: “BWX Technologies, Inc. (BWXT) Ex-Dividend Date Scheduled for March 08, 2017” published on March 07, 2017 as well as Seekingalpha.com‘s news article titled: “BWX Technologies’ (BWXT) CEO Rex Geveden on Q2 2017 Results – Earnings Call …” with publication date: August 11, 2017.

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