Could Babcock & Wilcox Enterprises Inc (NYSE:BW) Skyrocket? The Stock Has Too Many Sellers

June 20, 2018 - By Richard Conner

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 13.57 million shares in June as published by FINRA. Its up 7.03% from 12.68M shares, reported previously. With 1.50 million 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 0.43% or $0.01 during the last trading session, reaching $2.34. About 631,170 shares traded. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 76.38% since June 20, 2017 and is downtrending. It has underperformed by 88.95% 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 $394.61 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.

Another recent and important Babcock & Wilcox Enterprises, Inc. (NYSE:BW) news was published by Seekingalpha.com which published an article titled: “B&W confirms Steel Partners offer” on May 24, 2018.

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