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

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 179,000 shares, an increase of 106.7% from the January 15th total of 86,600 shares. Based on an average daily trading volume, of 175,800 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the company’s stock are sold short.

Broadwind Stock Down 0.6 %

BWEN stock opened at $1.73 on Friday. The company has a 50 day moving average of $1.84 and a two-hundred day moving average of $2.02. The company has a market cap of $38.25 million, a price-to-earnings ratio of 12.36 and a beta of 1.41. Broadwind has a 12-month low of $1.52 and a 12-month high of $4.65. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Grace & White Inc. NY lifted its holdings 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 valued at $3,724,000 after buying an additional 265,344 shares during the last quarter. GSA Capital Partners LLP lifted its stake 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 last quarter. Mariner LLC bought a new stake in Broadwind in the fourth quarter worth approximately $56,000. Empowered Funds LLC increased its stake in shares of Broadwind by 52.7% during the 3rd quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock worth $184,000 after purchasing an additional 28,021 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Broadwind during the 2nd quarter valued at $84,000. Hedge funds and other institutional investors 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.