Can Chicago Bridge & Iron Company NV (NYSE:CBI)’s Tomorrow be Different? The Stock Had Increase in Shorts

February 24, 2018 – By Louis Casey

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.18, from 0.9 in 2017Q2. It turned negative, as 71 investors sold Chicago Bridge & Iron Company N.V. shares while 83 reduced holdings. 49 funds opened positions while 62 raised stakes. 66.18 million shares or 0.62% less from 66.59 million shares in 2017Q2 were reported.
Geode Capital Lc owns 808,511 shares for 0.01% of their portfolio. Cwm Llc has invested 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Commonwealth Bancorp Of invested in 1,900 shares or 0% of the stock. Commonwealth Equity Services Inc reported 0.01% stake. 37,491 are held by Cetera Advisors Ltd Liability. Cohen Klingenstein Lc invested 0.04% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Osborne Prtnrs Cap Management Lc has 0.65% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Arcadia Inv Management Corp Mi reported 0.05% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). 1,700 were accumulated by Canada Pension Plan Board. Td Capital Mngmt Limited Com reported 0% stake. First Heartland Consultants invested in 111,861 shares or 0.46% of the stock. Bnp Paribas Arbitrage Sa reported 0% stake. Glenmede Na reported 10 shares. 169,408 are held by California State Teachers Retirement Sys. Kennedy Capital Management Inc holds 0.06% or 200,028 shares.

Since September 20, 2017, it had 0 insider buys, and 3 selling transactions for $363,000 activity.

The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) registered an increase of 0.79% in short interest. CBI’s total short interest was 20.18M shares in February as published by FINRA. Its up 0.79% from 20.02M shares, reported previously. With 4.53 million shares average volume, it will take short sellers 5 days to cover their CBI’s short positions. The short interest to Chicago Bridge & Iron Company N.V.’s float is 20.21%.

The stock increased 3.13% or $0.55 during the last trading session, reaching $18.11. About 2.02 million shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since February 24, 2017 and is downtrending. It has underperformed by 59.46% the S&P500.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. The company has market cap of $1.84 billion. It operates in four divisions: Engineering & Construction, Fabrication Services, Technology, and Capital Services. It currently has negative earnings. The Engineering & Construction segment provides engineering, procurement, and construction services for energy infrastructure facilities, such as upstream and downstream process facilities for the gas and oil industry, as well as liquefied natural gas liquefaction and regasification terminals, and fossil electric generating plants for the power generation industry.

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

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 50 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 3 by Robert W. Baird. The rating was upgraded by Robert W. Baird on Tuesday, December 15 to “Outperform”. The firm has “Buy” rating by Deutsche Bank given on Tuesday, October 24. Johnson Rice upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Monday, May 16 to “Buy” rating. The firm earned “Hold” rating on Friday, September 15 by Robert W. Baird. The stock has “Neutral” rating by Credit Suisse on Friday, August 11. The firm has “Buy” rating given on Monday, July 3 by Credit Suisse. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Neutral” rating given on Wednesday, November 1 by UBS. JP Morgan maintained the stock with “Overweight” rating in Thursday, April 21 report. The rating was downgraded by Johnson Rice to “Hold” on Wednesday, September 21.

More recent Chicago Bridge & Iron Company N.V. (NYSE:CBI) news were published by: which released: “Chicago Bridge & Iron (CBI) Q4 Earnings & Revenues Fall Y/Y” on February 21, 2018. Also published the news titled: “Chicago Bridge & Iron Company (CBI) Soars: Stock Adds 14.2% in Session” on January 25, 2018.‘s news article titled: “This Morning’s Technical Outlook on Industrial Goods Stocks — Caterpillar …” with publication date: February 23, 2018 was also an interesting one.

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