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

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a large growth in short interest during the month of 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 volume of 147,800 shares, the short-interest ratio is currently 1.5 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Broadwind

Several institutional investors have recently bought and sold shares of the company. Grace & White Inc. NY increased its position in shares of Broadwind by 15.5% in the fourth quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock valued at $3,724,000 after acquiring an additional 265,344 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Broadwind during the 4th quarter valued at $76,000. GSA Capital Partners LLP boosted its holdings in shares of Broadwind by 26.9% during the 3rd quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after buying an additional 31,792 shares during the period. Mariner LLC bought a new stake in shares of Broadwind during the fourth quarter worth approximately $56,000. Finally, Empowered Funds LLC boosted its stake in Broadwind by 52.7% in the 3rd quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after purchasing an additional 28,021 shares during the period. Institutional investors own 33.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Broadwind Trading Up 2.3 %

Broadwind stock traded up $0.04 during midday trading on Thursday, hitting $1.60. 46,956 shares of the stock were exchanged, compared to its average volume of 163,580. The company has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $1.92. The stock has a market capitalization of $35.29 million, a PE ratio of 11.43 and a beta of 1.41. Broadwind has a 52 week low of $1.46 and a 52 week 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.

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

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.