Today Chicago Bridge & Iron Company N V (NYSE:CBI) Reported Increase in Shorted Shares

September 17, 2017 - By Henry Gaston

 Today Chicago Bridge & Iron Company N V (NYSE:CBI) Reported Increase in Shorted Shares

Investors sentiment increased to 1.28 in Q4 2016. Its up 0.51, from 0.77 in 2016Q3. It is positive, as 35 investors sold Chicago Bridge & Iron Company N.V. shares while 115 reduced holdings. 79 funds opened positions while 113 raised stakes. 62.05 million shares or 4.25% less from 64.81 million shares in 2016Q3 were reported.
Davenport Limited Liability Co owns 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 6,600 shares. Nuveen Asset has 0.05% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Timber Creek Capital Management Lc reported 0.04% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Moreover, Commonwealth Bancorporation Of Aus has 0.01% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). 62,034 are held by Mariner Wealth Advsr Lc. Legal And General Gp Public Ltd reported 0.01% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Scotia Cap Incorporated has 32,030 shares for 0.02% of their portfolio. Hilltop holds 21,991 shares or 0.22% of its portfolio. Hudson Valley Investment Adv invested in 0% or 16,600 shares. Synovus Corp holds 0.22% or 300,544 shares. Fincl Architects Inc has 200 shares for 0% of their portfolio. Fulton National Bank & Trust Na reported 0.04% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Suntrust Banks, a Georgia-based fund reported 15,002 shares. Kcg Incorporated invested in 106,142 shares or 0.08% of the stock. Globeflex L P holds 0.27% or 34,639 shares.

Since March 20, 2017, it had 0 buys, and 3 insider sales for $506,537 activity. The insider SABIN JAMES W. sold 14,762 shares worth $429,034. $47,616 worth of Chicago Bridge & Iron Company N.V. (NYSE:CBI) was sold by Wigney Duncan N. on Monday, March 20. 1,200 Chicago Bridge & Iron Company N.V. (NYSE:CBI) shares with value of $37,202 were sold by Stockton Westley S.. 1,300 shares valued at $40,301 were sold by RAY EDGAR C. on Monday, April 10.

The stock of Chicago Bridge & Iron Company N V (NYSE:CBI) registered an increase of 9.2% in short interest. CBI’s total short interest was 25.77M shares in September as published by FINRA. Its up 9.2% from 23.60 million shares, reported previously. With 5.82M shares average volume, it will take short sellers 4 days to cover their CBI’s short positions. The short interest to Chicago Bridge & Iron Company N V’s float is 26.08%.

The stock increased 1.28% or $0.19 on September 15, reaching $15.05. About 2.72 million shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since September 17, 2016 and is downtrending. It has underperformed by 59.46% the S&P500.

Chicago Bridge & Iron Company N.V. provides services to clients in energy infrastructure market. The company has market cap of $1.52 billion. The Firm provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services. It currently has negative earnings. The Company’s Engineering and Construction segment provides engineering, procurement, and construction services.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Ratings Coverage

Among 15 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. Chicago Bridge & Iron Company had 37 analyst reports since August 14, 2015 according to SRatingsIntel. Deutsche Bank maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Tuesday, August 22. Deutsche Bank has “Buy” rating and $13 target. Vetr upgraded the shares of CBI in report on Tuesday, August 18 to “Buy” rating. The firm has “Buy” rating given on Wednesday, September 2 by Zacks. Macquarie Research maintained the stock with “Sell” rating in Wednesday, June 21 report. As per Wednesday, August 26, the company rating was upgraded by Zacks. The rating was maintained by Credit Suisse on Monday, July 3 with “Buy”. The rating was maintained by Bank of America on Monday, August 7 with “Underperform”. Credit Suisse upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Wednesday, October 28. Credit Suisse has “Outperform” rating and $51 target. M Partners reinitiated the shares of CBI in report on Wednesday, June 29 with “Buy” rating. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Outperform” rating given on Friday, November 6 by Cowen & Co.

More notable recent Chicago Bridge & Iron Company N.V. (NYSE:CBI) news were published by: Bloomberg.com which released: “Court Revives CB&I Bid to Dismiss Westinghouse $2 Billion Claim” on June 28, 2017, also Seekingalpha.com with their article: “Chicago Bridge & Iron NV (CBI) Q2 2017 Results – Earnings Call Transcript” published on August 10, 2017, Nasdaq.com published: “Why Chicago Bridge & Iron (CBI) Could Be Positioned for a Slump” on September 07, 2017. More interesting news about Chicago Bridge & Iron Company N.V. (NYSE:CBI) were released by: Nasdaq.com and their article: “Chicago Bridge & Iron Wins Storage Project in Central Asia” published on September 13, 2017 as well as Nasdaq.com‘s news article titled: “Chicago Bridge & Iron Company Wins PetroChina Supply Orders” with publication date: August 29, 2017.

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