Broadwind, Inc. (NASDAQ:BWEN) Short Interest Up 16.3% in September

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a significant increase in short interest in 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. Based on an average trading volume of 147,800 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Broadwind

Several large investors have recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in Broadwind in the second quarter worth $495,000. Acadian Asset Management LLC purchased a new position in Broadwind in the 2nd quarter worth approximately $423,000. Essex Investment Management Co. LLC lifted its position in shares of Broadwind by 33.5% in the first quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock worth $466,000 after buying an additional 49,173 shares in the last quarter. XTX Topco Ltd purchased a new stake in Broadwind during the second quarter valued at $159,000. Finally, Perritt Capital Management Inc. boosted its holdings in shares of Broadwind by 36.4% in the 4th quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 40,000 shares during the period. 33.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com lowered shares of Broadwind from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Craig Hallum decreased their target price on shares of Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. HC Wainwright reiterated a “buy” rating and issued a $8.00 price target on shares of Broadwind in a report on Wednesday, August 14th. Finally, Roth Mkm cut their price objective on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

Broadwind Stock Performance

Shares of BWEN traded up $0.07 during mid-day trading on Monday, hitting $2.27. The company’s stock had a trading volume of 107,347 shares, compared to its average volume of 150,439. The stock’s 50-day moving average is $2.45 and its two-hundred day moving average is $2.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.51. The firm has a market capitalization of $49.34 million, a PE ratio of 5.64 and a beta of 1.40. Broadwind has a one year low of $2.01 and a one year high of $4.65.

Broadwind (NASDAQ:BWEN) last issued 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 firm had revenue of $36.45 million for 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 period in the previous year, the business earned $0.07 EPS. As a group, sell-side analysts anticipate that Broadwind will post 0.01 EPS for the current year.

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.