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

Broadwind, Inc. (NASDAQ:BWEN) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 167,400 shares, an increase of 16.3% from the August 31st total of 143,900 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 147,800 shares, the days-to-cover ratio is currently 1.1 days.

Broadwind Stock Performance

Shares of NASDAQ:BWEN traded up $0.07 during trading on Monday, reaching $2.27. 107,347 shares of the stock were exchanged, compared to its average volume of 150,439. The firm has a market cap of $49.34 million, a PE ratio of 5.64 and a beta of 1.40. Broadwind has a 12 month low of $2.01 and a 12 month high of $4.65. The company has a current ratio of 1.51, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.79.

Broadwind (NASDAQ:BWEN) last announced its earnings results on Tuesday, August 13th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $36.45 million for the quarter, compared to the consensus estimate of $37.13 million. Broadwind had a return on equity of 13.11% and a net margin of 4.19%. During the same period in the previous year, the business earned $0.07 EPS. Research analysts expect that Broadwind will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Broadwind

Institutional investors have recently made changes to their positions in the stock. Perritt Capital Management Inc. raised its holdings in Broadwind by 36.4% in the fourth quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock worth $416,000 after buying an additional 40,000 shares during the last quarter. Lincoln Capital Corp bought a new position in Broadwind in the 1st quarter worth approximately $49,000. Essex Investment Management Co. LLC increased its holdings in Broadwind by 33.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 49,173 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Broadwind by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock worth $858,000 after buying an additional 24,119 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Broadwind during the 2nd quarter valued at about $495,000. Institutional investors own 33.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BWEN shares. StockNews.com lowered shares of Broadwind from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of Broadwind in a report on Wednesday, August 14th. Craig Hallum lowered their target price on Broadwind from $5.00 to $4.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Roth Mkm decreased their price target on Broadwind from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

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.