Short Interest in Broadwind, Inc. (NASDAQ:BWEN) Grows By 16.3%

Broadwind, Inc. (NASDAQ:BWEN) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 167,400 shares, an increase of 16.3% from the August 31st total of 143,900 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 147,800 shares, the short-interest ratio is presently 1.1 days.

Broadwind Trading Up 1.4 %

Broadwind stock traded up $0.03 during midday trading on Friday, hitting $2.20. 68,129 shares of the stock were exchanged, compared to its average volume of 150,669. The stock has a market capitalization of $47.81 million, a PE ratio of 5.64 and a beta of 1.40. The company has a fifty day simple moving average of $2.45 and a two-hundred day simple moving average of $2.79. The company has a quick ratio of 0.52, a current ratio of 1.51 and a debt-to-equity ratio of 0.16. Broadwind has a 52 week low of $2.01 and a 52 week high of $4.65.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $36.45 million during the quarter, compared to analyst estimates of $37.13 million. Broadwind had a net margin of 4.19% and a return on equity of 13.11%. During the same quarter in the previous year, the business earned $0.07 EPS. Equities research analysts anticipate that Broadwind will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Broadwind

A number of hedge funds have recently modified their holdings of BWEN. Grace & White Inc. NY lifted its position in Broadwind by 0.6% in the 2nd quarter. Grace & White Inc. NY now owns 1,616,590 shares of the industrial products company’s stock valued at $5,302,000 after acquiring an additional 10,000 shares in the last quarter. Lincoln Capital Corp acquired a new stake in shares of Broadwind in the 1st quarter valued at about $49,000. Russell Investments Group Ltd. lifted its holdings in shares of Broadwind by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock valued at $858,000 after purchasing an additional 24,119 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Broadwind during the second quarter worth about $83,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Broadwind during the second quarter worth about $84,000. Institutional investors and hedge funds own 33.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BWEN has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of Broadwind in a research note on Wednesday, August 14th. Craig Hallum reduced their price objective on shares of Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. StockNews.com cut shares of Broadwind from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Roth Mkm reduced their price target on Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

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.