Broadwind, Inc. (NASDAQ:BWEN) Short Interest Update

Broadwind, Inc. (NASDAQ:BWEN) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 159,300 shares, a decrease of 8.9% from the November 15th total of 174,900 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 160,000 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Broadwind

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Broadwind by 65.2% during the 2nd quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock valued at $275,000 after buying an additional 33,064 shares during the period. GSA Capital Partners LLP raised its position 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 purchasing an additional 31,792 shares during the period. American Century Companies Inc. lifted its stake in shares of Broadwind by 181.0% in the 2nd quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 29,653 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Broadwind during the 2nd quarter worth $84,000. Finally, Empowered Funds LLC increased its position in shares of Broadwind by 52.7% during 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 last quarter. 33.27% of the stock is owned by hedge funds and other institutional investors.

Broadwind Trading Down 0.3 %

Shares of NASDAQ BWEN traded down $0.01 during trading on Tuesday, hitting $1.78. 78,601 shares of the company were exchanged, compared to its average volume of 155,473. The company has a fifty day moving average price of $1.88 and a 200-day moving average price of $2.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.50. The firm has a market capitalization of $39.25 million, a PE ratio of 12.71 and a beta of 1.45. Broadwind has a 12-month low of $1.52 and a 12-month high of $4.65.

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.