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

Broadwind, Inc. (NASDAQ:BWEN) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 123,800 shares, a decrease of 37.6% from the December 15th total of 198,300 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 184,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Broadwind

Hedge funds have recently bought and sold shares of the business. Lincoln Capital Corp raised its holdings in Broadwind by 61.7% during the third quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock worth $53,000 after buying an additional 8,947 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Broadwind during the second quarter worth about $84,000. American Century Companies Inc. increased its position in shares of Broadwind by 181.0% during the second quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 29,653 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Broadwind in the 2nd quarter worth about $159,000. Finally, Empowered Funds LLC lifted its position in 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 acquiring an additional 28,021 shares in the last quarter. Institutional investors and hedge funds own 33.27% of the company’s stock.

Broadwind Trading Up 4.5 %

Shares of Broadwind stock opened at $1.87 on Thursday. The stock has a market capitalization of $41.35 million, a PE ratio of 13.36 and a beta of 1.44. Broadwind has a 52 week low of $1.52 and a 52 week high of $4.65. The stock has a 50 day moving average price of $1.82 and a two-hundred day moving average price of $2.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.50.

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.