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

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

Hedge Funds Weigh In On Broadwind

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWEN. Geode Capital Management LLC grew its stake in shares of Broadwind by 6.0% in the third 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 in the last quarter. GSA Capital Partners LLP raised its stake in shares of Broadwind by 26.9% during the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 31,792 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Broadwind by 52.7% in the 3rd quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 28,021 shares during the period. Grace & White Inc. NY raised its holdings in Broadwind by 15.5% during the fourth 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 in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Broadwind during the 4th quarter valued at $76,000. 33.27% of the stock is owned by institutional investors.

Broadwind Stock Performance

BWEN stock traded up $0.12 during mid-day trading on Wednesday, reaching $1.62. The company had a trading volume of 73,918 shares, compared to its average volume of 165,226. Broadwind has a one year low of $1.46 and a one year high of $4.65. The stock has a market capitalization of $35.82 million, a P/E ratio of 11.54 and a beta of 1.41. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $1.79 and its two-hundred day simple moving average is $1.92.

Broadwind (NASDAQ:BWEN) last posted its earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. Broadwind had a net margin of 2.01% and a return on equity of 5.39%. Research analysts anticipate that Broadwind will post 0.01 EPS for the current year.

About Broadwind

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.