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

Broadwind, Inc. (NASDAQ:BWEN) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 220,700 shares, a growth of 23.3% from the January 31st total of 179,000 shares. Based on an average daily trading volume, of 147,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their price target on Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday.

Broadwind Stock Performance

Shares of NASDAQ BWEN opened at $1.56 on Friday. The business’s 50-day moving average price is $1.78 and its two-hundred day moving average price is $1.92. 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 one year low of $1.46 and a one year high of $4.65. The company has a market capitalization of $34.50 million, a P/E ratio of 11.14 and a beta of 1.41.

Broadwind (NASDAQ:BWEN) last issued its earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. The firm had revenue of $33.57 million for the quarter, compared to the consensus estimate of $31.54 million. Analysts anticipate that Broadwind will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Broadwind

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new stake in shares of Broadwind in the fourth quarter worth about $76,000. Bridgeway Capital Management LLC lifted its position in shares of Broadwind by 11.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 9,176 shares during the last quarter. Mariner LLC acquired a new position in shares of Broadwind during the 4th quarter worth about $56,000. Grace & White Inc. NY lifted its position in shares of Broadwind by 15.5% during the 4th quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock worth $3,724,000 after purchasing an additional 265,344 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Broadwind by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock worth $517,000 after purchasing an additional 12,936 shares during the last quarter. Institutional investors and hedge funds own 33.27% of the company’s stock.

Broadwind Company Profile

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.