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

Broadwind, Inc. (NASDAQ:BWEN) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 123,800 shares, a decline of 37.6% from the December 15th total of 198,300 shares. Based on an average daily volume of 184,800 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the shares of the company are sold short.

Broadwind Stock Performance

BWEN traded down $0.05 on Tuesday, hitting $1.79. The company’s stock had a trading volume of 106,503 shares, compared to its average volume of 224,696. Broadwind has a 12 month low of $1.52 and a 12 month high of $4.65. The firm has a market cap of $39.58 million, a P/E ratio of 12.79 and a beta of 1.44. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $1.82 and its 200-day simple moving average is $2.25.

Institutional Trading of Broadwind

Several institutional investors and hedge funds have recently modified their holdings of BWEN. Lincoln Capital Corp increased its position in shares of Broadwind by 61.7% during the 3rd quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 8,947 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Broadwind in the 2nd quarter worth approximately $84,000. American Century Companies Inc. boosted 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Broadwind during the second quarter valued at about $159,000. Finally, Empowered Funds LLC increased its holdings in shares of Broadwind by 52.7% in the third quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock worth $184,000 after buying an additional 28,021 shares during the period. Hedge funds and other institutional investors own 33.27% of the company’s stock.

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.