Today Borgwarner Incorporated (NYSE:BWA) Reported Increase in Shorted Shares

September 17, 2017 - By Hazel Jackson

 Today Borgwarner Incorporated (NYSE:BWA) Reported Increase in Shorted Shares

Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.18, from 1.16 in 2016Q3. It fall, as 52 investors sold BorgWarner Inc. shares while 156 reduced holdings. 74 funds opened positions while 129 raised stakes. 187.95 million shares or 5.91% more from 177.47 million shares in 2016Q3 were reported.
Cornerstone Advsrs accumulated 267 shares or 0.01% of the stock. Minnesota-based Ameriprise has invested 0.02% in BorgWarner Inc. (NYSE:BWA). Dnb Asset As reported 1.05 million shares. Vanguard Group Incorporated reported 19.55 million shares. Prudential holds 374,423 shares. Eaton Vance Management has 0% invested in BorgWarner Inc. (NYSE:BWA) for 20,954 shares. Capstone Asset Mngmt Communications stated it has 0.02% in BorgWarner Inc. (NYSE:BWA). Bbva Compass Financial Bank holds 0.33% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 119,465 shares. Citigroup holds 90,998 shares. Patten Gru stated it has 100 shares. Td Asset holds 0.01% or 106,667 shares in its portfolio. Sun Life invested in 4 shares. Endurance Wealth Management stated it has 160 shares or 0% of all its holdings. Hellman Jordan Management Co Inc Ma, a Massachusetts-based fund reported 14,052 shares. Glenmede Trust Na invested in 0.01% or 25,901 shares.

Since May 5, 2017, it had 0 insider buys, and 2 insider sales for $200,871 activity. 3,776 shares were sold by Hundzinski Ronald T, worth $156,811. Cuneo Dennis C sold $44,060 worth of stock.

The stock of Borgwarner Incorporated (NYSE:BWA) registered an increase of 17.9% in short interest. BWA’s total short interest was 12.25M shares in September as published by FINRA. Its up 17.9% from 10.39M shares, reported previously. With 1.92 million shares average volume, it will take short sellers 6 days to cover their BWA’s short positions. The short interest to Borgwarner Incorporated’s float is 6.12%.

The stock increased 1.02% or $0.49 on September 15, reaching $48.76. About 2.10 million shares traded or 18.64% up from the average. BorgWarner Inc. (NYSE:BWA) has risen 25.00% since September 17, 2016 and is uptrending. It has outperformed by 8.30% the S&P500.

BorgWarner Inc. is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The company has market cap of $10.29 billion. The Company’s divisions include Engine and Drivetrain. It has a 54.37 P/E ratio. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems.

BorgWarner Inc. (NYSE:BWA) Ratings Coverage

Among 20 analysts covering Borgwarner Inc. (NYSE:BWA), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Borgwarner Inc. had 54 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. The stock has “Hold” rating by Deutsche Bank on Friday, July 31. Susquehanna maintained BorgWarner Inc. (NYSE:BWA) rating on Thursday, August 27. Susquehanna has “Positive” rating and $56 target. The company was maintained on Friday, July 31 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, September 11 report. The firm has “Market Perform” rating by Wells Fargo given on Monday, December 19. As per Monday, January 25, the company rating was maintained by Barclays Capital. CLSA initiated BorgWarner Inc. (NYSE:BWA) rating on Wednesday, June 21. CLSA has “Hold” rating and $4500 target. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, September 3. The rating was initiated by Jefferies on Wednesday, November 30 with “Buy”.

More recent BorgWarner Inc. (NYSE:BWA) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Flowers Foods, BorgWarner and Cooper Tire & Rubber” on August 28, 2017. Also Nasdaq.com published the news titled: “BorgWarner Reaches Analyst Target Price” on September 07, 2017. Nasdaq.com‘s news article titled: “BorgWarner Inc. (BWA) Ex-Dividend Date Scheduled for August 30, 2017” with publication date: August 29, 2017 was also an interesting one.

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