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

Broadwind, Inc. (NASDAQ:BWEN) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 179,000 shares, a growth of 106.7% from the January 15th total of 86,600 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 175,800 shares, the days-to-cover ratio is currently 1.0 days.

Broadwind Stock Performance

Shares of BWEN opened at $1.73 on Friday. 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 is $1.84 and its 200-day moving average is $2.02. Broadwind has a 12-month low of $1.52 and a 12-month high of $4.65. The stock has a market capitalization of $38.25 million, a P/E ratio of 12.36 and a beta of 1.41.

Institutional Trading of Broadwind

A number of large investors have recently added to or reduced their stakes in BWEN. Mariner LLC acquired a new stake in shares of Broadwind during the 4th quarter valued at $56,000. Grace & White Inc. NY lifted its holdings in shares of Broadwind by 15.5% during 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 purchasing an additional 265,344 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Broadwind by 6.0% during the third quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 12,936 shares during the last quarter. Empowered Funds LLC boosted its position in shares of 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. Finally, GSA Capital Partners LLP increased its stake in Broadwind by 26.9% in the 3rd quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 31,792 shares in the last quarter. 33.27% of the stock is currently owned by institutional investors.

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.