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

Broadwind, Inc. (NASDAQ:BWEN) was the target of a large 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. Approximately 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 138,900 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Ratings Changes

Several analysts recently commented on BWEN shares. HC Wainwright dropped their price objective on Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Craig Hallum reissued a “buy” rating on shares of Broadwind in a research note on Wednesday, March 5th. Finally, Industrial Alliance Securities set a $3.00 price target on Broadwind in a research note on Wednesday, March 5th.

Broadwind Stock Performance

BWEN opened at $1.44 on Tuesday. The business’s 50-day moving average price is $1.70 and its two-hundred day moving average price is $1.87. Broadwind has a 1 year low of $1.41 and a 1 year high of $4.65. The company has a market capitalization of $32.14 million, a price-to-earnings ratio of 10.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.52.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings data on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. The company had revenue of $33.57 million during the quarter, compared to analysts’ expectations of $31.54 million. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. Equities analysts expect that Broadwind will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Broadwind

Several hedge funds have recently modified their holdings of BWEN. Mariner LLC bought a new position in shares of Broadwind in the 4th quarter valued at about $56,000. Squarepoint Ops LLC bought a new position in shares of Broadwind in the 4th quarter valued at about $76,000. Bridgeway Capital Management LLC grew its holdings in shares of Broadwind by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 9,176 shares in the last quarter. Empowered Funds LLC grew its holdings in 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. Finally, GSA Capital Partners LLP grew its holdings in Broadwind by 26.9% during the third 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 during the period. Institutional investors own 33.27% of the company’s stock.

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.