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

Broadwind, Inc. (NASDAQ:BWEN) was the target of a large growth in short interest in 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. Based on an average trading volume of 175,800 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Trading of Broadwind

A number of institutional investors have recently bought and sold shares of BWEN. Lincoln Capital Corp raised its holdings in shares of Broadwind by 61.7% in the third quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 8,947 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Broadwind during the second quarter worth about $84,000. Empowered Funds LLC lifted its holdings in shares of 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 purchasing an additional 28,021 shares during the period. GSA Capital Partners LLP lifted its holdings in 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 acquiring an additional 31,792 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 12,936 shares during the period. 33.27% of the stock is currently owned by institutional investors.

Broadwind Stock Performance

Shares of NASDAQ:BWEN traded up $0.05 during trading on Thursday, hitting $1.72. The company’s stock had a trading volume of 36,261 shares, compared to its average volume of 161,087. The company has a 50-day moving average of $1.84 and a 200-day moving average of $2.03. Broadwind has a 12 month low of $1.52 and a 12 month high of $4.65. 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 has a market cap of $38.03 million, a price-to-earnings ratio of 12.29 and a beta of 1.41.

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.