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

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 198,300 shares, a growth of 24.5% from the November 30th total of 159,300 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 163,300 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BWEN. Renaissance Technologies LLC lifted its position in Broadwind by 65.2% during the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 33,064 shares during the last quarter. GSA Capital Partners LLP raised its stake 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 acquiring an additional 31,792 shares during the period. American Century Companies Inc. boosted its stake in shares of Broadwind by 181.0% during the 2nd quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 29,653 shares during the period. Cubist Systematic Strategies LLC bought a new position in Broadwind during the 2nd quarter valued at about $84,000. Finally, Empowered Funds LLC raised 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 worth $184,000 after purchasing an additional 28,021 shares during the period. 33.27% of the stock is currently owned by institutional investors.

Broadwind Stock Up 4.7 %

BWEN opened at $2.01 on Tuesday. The firm has a 50-day simple moving average of $1.82 and a two-hundred day simple moving average of $2.38. Broadwind has a 52 week low of $1.52 and a 52 week high of $4.65. The company has a market capitalization of $44.45 million, a PE ratio of 14.36 and a beta of 1.45. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

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.