Broadwind, Inc. (NASDAQ:BWEN) Sees Large Increase in Short Interest

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a significant growth in short interest in 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. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 150,000 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Broadwind

Large investors have recently made changes to their positions in the business. Lincoln Capital Corp grew its stake in Broadwind by 61.7% during the 3rd quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock worth $53,000 after buying an additional 8,947 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Broadwind in the second quarter valued at about $83,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Broadwind during the second quarter worth about $84,000. American Century Companies Inc. grew its stake in shares of Broadwind by 181.0% during the second quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 29,653 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Broadwind during the second quarter valued at about $159,000. 33.27% of the stock is owned by institutional investors and hedge funds.

Broadwind Stock Up 8.0 %

NASDAQ:BWEN traded up $0.14 during midday trading on Friday, reaching $1.89. 87,818 shares of the stock traded hands, compared to its average volume of 155,258. The stock has a market capitalization of $41.80 million, a PE ratio of 13.50 and a beta of 1.44. Broadwind has a 12-month low of $1.52 and a 12-month high of $4.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.50. The business has a 50-day moving average of $1.97 and a two-hundred day moving average of $2.67.

Wall Street Analyst Weigh In

BWEN has been the topic of several recent research reports. Roth Mkm dropped their target price on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Craig Hallum reduced their price objective on shares of Broadwind from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 target price on shares of Broadwind in a research report on Wednesday, August 14th. Finally, StockNews.com lowered Broadwind from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

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.