Broadwind, Inc. (NASDAQ:BWEN) Short Interest Down 37.6% in December

Broadwind, Inc. (NASDAQ:BWEN) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 123,800 shares, a decrease of 37.6% from the December 15th total of 198,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 184,800 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Broadwind in the 2nd quarter worth about $423,000. American Century Companies Inc. raised its position in Broadwind by 181.0% in the 2nd quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 29,653 shares during the period. Dimensional Fund Advisors LP lifted its stake in Broadwind by 12.0% in the second quarter. Dimensional Fund Advisors LP now owns 329,592 shares of the industrial products company’s stock worth $1,081,000 after purchasing an additional 35,182 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Broadwind by 65.2% during the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock valued at $275,000 after buying an additional 33,064 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Broadwind during the second quarter valued at approximately $159,000. 33.27% of the stock is owned by hedge funds and other institutional investors.

Broadwind Trading Up 4.5 %

Shares of Broadwind stock traded up $0.08 on Wednesday, reaching $1.87. The company had a trading volume of 131,944 shares, compared to its average volume of 215,005. The firm has a market cap of $41.35 million, a price-to-earnings ratio of 13.36 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. The firm’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $2.24. Broadwind has a 1 year low of $1.52 and a 1 year high of $4.65.

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.