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

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

Institutional Investors Weigh In On Broadwind

A number of hedge funds have recently bought and sold shares of BWEN. Mariner LLC acquired a new position in shares of Broadwind during the fourth quarter worth approximately $56,000. Squarepoint Ops LLC bought a new stake in Broadwind in the fourth quarter valued at about $76,000. Bridgeway Capital Management LLC raised its holdings in shares of Broadwind by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock worth $170,000 after buying an additional 9,176 shares in the last quarter. Empowered Funds LLC raised its stake in Broadwind by 52.7% during the third quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 28,021 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Broadwind by 26.9% during the 3rd quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 31,792 shares during the last quarter. 33.27% of the stock is currently owned by institutional investors.

Broadwind Stock Up 2.3 %

Shares of BWEN traded up $0.04 during midday trading on Thursday, reaching $1.60. 46,956 shares of the stock were exchanged, compared to its average volume of 163,580. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a market cap of $35.29 million, a price-to-earnings ratio of 11.43 and a beta of 1.41. The firm has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.92. Broadwind has a 12-month low of $1.46 and a 12-month high of $4.65.

Broadwind (NASDAQ:BWEN) last released its quarterly earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.04. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. The company had revenue of $33.57 million during the quarter, compared to the consensus estimate of $31.54 million. Research analysts forecast that Broadwind will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their target price on Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday.

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.