Broadwind, Inc. (NASDAQ:BWEN) Short Interest Update

Broadwind, Inc. (NASDAQ:BWENGet Free Report) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 123,800 shares, a decline of 37.6% from the December 31st total of 198,300 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 184,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Grace & White Inc. NY increased its stake in Broadwind by 6.1% during the third quarter. Grace & White Inc. NY now owns 1,715,255 shares of the industrial products company’s stock valued at $3,894,000 after acquiring an additional 98,665 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Broadwind by 12.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 329,592 shares of the industrial products company’s stock worth $1,081,000 after buying an additional 35,182 shares during the period. Geode Capital Management LLC boosted its stake in Broadwind by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock valued at $517,000 after buying an additional 12,936 shares in the last quarter. GSA Capital Partners LLP grew its position in Broadwind by 26.9% in the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 31,792 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Broadwind by 65.2% during the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 33,064 shares in the last quarter. Institutional investors and hedge funds own 33.27% of the company’s stock.

Broadwind Stock Performance

BWEN stock traded down $0.08 on Wednesday, reaching $1.64. 41,687 shares of the company were exchanged, compared to its average volume of 202,955. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.52. Broadwind has a 12 month low of $1.52 and a 12 month high of $4.65. The stock’s fifty day moving average price is $1.85 and its 200 day moving average price is $2.15. The firm has a market capitalization of $36.24 million, a PE ratio of 11.71 and a beta of 1.44.

Broadwind Company Profile

(Get Free Report)

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.

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