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

Broadwind, Inc. (NASDAQ:BWEN) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 174,900 shares, a growth of 51.8% from the October 31st total of 115,200 shares. Based on an average daily trading volume, of 150,000 shares, the short-interest ratio is presently 1.2 days. Currently, 0.9% of the shares of the company are sold short.

Broadwind Stock Performance

NASDAQ:BWEN traded up $0.14 during mid-day trading on Friday, hitting $1.89. The company’s stock had a trading volume of 87,818 shares, compared to its average volume of 155,258. The business’s fifty day moving average is $1.97 and its two-hundred day moving average is $2.67. The stock has a market cap of $41.80 million, a price-to-earnings ratio of 13.50 and a beta of 1.44. 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 1 year low of $1.52 and a 1 year high of $4.65.

Hedge Funds Weigh In On Broadwind

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lincoln Capital Corp grew its holdings in Broadwind by 61.7% during the third quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 8,947 shares during the period. Grace & White Inc. NY boosted its position in Broadwind by 0.6% in the 2nd quarter. Grace & White Inc. NY now owns 1,616,590 shares of the industrial products company’s stock worth $5,302,000 after purchasing an additional 10,000 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $517,000 after purchasing an additional 12,936 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Broadwind during the 2nd quarter worth approximately $83,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Broadwind during the 2nd quarter valued at approximately $84,000. Institutional investors and hedge funds own 33.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BWEN. Craig Hallum cut their target price on Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Roth Mkm cut their price objective on Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, August 14th. StockNews.com downgraded Broadwind from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, HC Wainwright reiterated a “buy” rating and issued a $8.00 price target on shares of Broadwind in a report on Wednesday, August 14th.

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.