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

Broadwind, Inc. (NASDAQ:BWEN) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 272,200 shares, a growth of 23.3% from the February 13th total of 220,700 shares. Based on an average daily volume of 138,900 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the shares of the company are sold short.

Broadwind Trading Down 2.7 %

Shares of BWEN stock opened at $1.44 on Tuesday. The firm has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $1.87. 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 capitalization of $32.14 million, a PE ratio of 10.29 and a beta of 1.70. Broadwind has a 12-month low of $1.41 and a 12-month high of $4.65.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings data 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. The firm had revenue of $33.57 million during the quarter, compared to the consensus estimate of $31.54 million. Broadwind had a net margin of 2.01% and a return on equity of 5.39%. As a group, analysts predict that Broadwind will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BWEN. HC Wainwright reduced their price target on Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Industrial Alliance Securities set a $3.00 price target on Broadwind in a report on Wednesday, March 5th. Finally, Craig Hallum restated a “buy” rating on shares of Broadwind in a research report on Wednesday, March 5th.

Institutional Investors Weigh In On Broadwind

A number of hedge funds and other institutional investors have recently made changes to their positions in BWEN. GSA Capital Partners LLP raised its position in shares of Broadwind by 26.9% in the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after buying an additional 31,792 shares in the last quarter. Empowered Funds LLC raised its position in shares of Broadwind by 52.7% in the third quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after buying an additional 28,021 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Broadwind by 6.0% in the third quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock valued at $517,000 after buying an additional 12,936 shares in the last quarter. Grace & White Inc. NY raised its position in shares of Broadwind by 15.5% in 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 buying an additional 265,344 shares in the last quarter. Finally, Mariner LLC acquired a new stake in shares of Broadwind in the fourth quarter valued at approximately $56,000. 33.27% of the stock is currently owned by institutional investors and hedge funds.

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.