Short Interest in Broadwind, Inc. (NASDAQ:BWEN) Grows By 24.5%

Broadwind, Inc. (NASDAQ:BWEN) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 198,300 shares, an increase of 24.5% from the November 30th total of 159,300 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 163,300 shares, the days-to-cover ratio is currently 1.2 days.

Broadwind Trading Up 4.7 %

Shares of NASDAQ:BWEN opened at $2.01 on Tuesday. Broadwind has a 52-week low of $1.52 and a 52-week high of $4.65. The stock has a market capitalization of $44.45 million, a price-to-earnings ratio of 14.36 and a beta of 1.45. 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 stock’s 50-day simple moving average is $1.82 and its two-hundred day simple moving average is $2.38.

Institutional Investors Weigh In On Broadwind

A number of hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in shares of Broadwind in the second quarter worth about $423,000. Grace & White Inc. NY increased its stake in shares of Broadwind by 6.1% in the third quarter. Grace & White Inc. NY now owns 1,715,255 shares of the industrial products company’s stock worth $3,894,000 after purchasing an additional 98,665 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Broadwind in the second quarter worth $159,000. Dimensional Fund Advisors LP raised its position in shares of Broadwind by 12.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 329,592 shares of the industrial products company’s stock valued at $1,081,000 after purchasing an additional 35,182 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Broadwind by 65.2% in the 2nd quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock worth $275,000 after buying an additional 33,064 shares during the period. Institutional investors own 33.27% of the company’s stock.

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.