Could Bwx Tech Incorporated (NYSE:BWXT) Go Down After Its Newest Short Interest Report?

September 17, 2017 - By Marie Mckinney

 Could Bwx Tech Incorporated (NYSE:BWXT) Go Down After Its Newest Short Interest Report?

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. Sidoti initiated the shares of BWXT in report on Friday, March 18 with “Buy” rating. The rating was downgraded by Bank of America to “Neutral” on Friday, November 18. As per Tuesday, October 13, the company rating was reinitiated by KeyBanc Capital Markets. As per Friday, April 1, the company rating was initiated by Drexel Hamilton. Bank of America upgraded it to “Buy” rating and $55 target in Tuesday, March 21 report. As per Thursday, August 10, the company rating was maintained by Bank of America. On Thursday, January 19 the stock rating was initiated by Suntrust Robinson with “Buy”.

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 March 08, 2017” on March 07, 2017, also Seekingalpha.com with their article: “BWX Technologies’ (BWXT) CEO Rex Geveden on Q1 2017 Results – Earnings Call …” published on May 02, 2017, Businesswire.com published: “BWX Technologies Announces Second Quarter 2017 Results” on August 07, 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 August 17, 2017” published on August 16, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Microchip Technology, Ryder System and BWX Technologies” with publication date: August 15, 2017.

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