The stock of Babcock & Wilcox Enterprises Incorporated (NYSE:BW) registered an increase of 3.46% in short interest. BW’s total short interest was 1.30M shares in April as published by FINRA. Its up 3.46% from 1.26 million shares, reported previously. With 284,100 shares average volume, it will take short sellers 5 days to cover their BW’s short positions. The short interest to Babcock & Wilcox Enterprises Incorporated’s float is 2.79%. The stock is up 1.31% or $0.28 after the news, hitting $21.68 per share. About 140,685 shares traded hands. Babcock & Wilcox Enterprises Inc (NYSE:BW) has risen 18.82% since August 25, 2015 and is uptrending. It has outperformed by 8.54% the S&P500.
Babcock & Wilcox Enterprises, Inc. is engaged in engineering, manufacturing, procurement, and erection of equipment and technology, which is used in the power generation industry and other industries. The company has a market cap of $1.12 billion. The Firm is a technology well-known provider of fossil and renewable power generation equipment, which includes boiler products and environmental systems, and services for power and industrial uses. It has 71.37 P/E ratio.
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