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

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Broadwind

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWEN. Lincoln Capital Corp bought a new stake in Broadwind in the 1st quarter valued at $49,000. Ritholtz Wealth Management acquired a new position in shares of Broadwind in the second quarter valued at about $83,000. Cubist Systematic Strategies LLC bought a new position in Broadwind during the second quarter worth about $84,000. American Century Companies Inc. raised its stake in Broadwind by 181.0% in 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in Broadwind in the 2nd quarter valued at about $159,000. 33.27% of the stock is owned by institutional investors.

Broadwind Stock Up 1.4 %

Shares of NASDAQ:BWEN traded up $0.03 during trading on Friday, hitting $2.20. 68,129 shares of the company’s stock traded hands, compared to its average volume of 150,669. The company has a market cap of $47.81 million, a price-to-earnings ratio of 5.64 and a beta of 1.40. The company has a current ratio of 1.51, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.78. Broadwind has a 52 week low of $2.01 and a 52 week high of $4.65.

Broadwind (NASDAQ:BWEN) last issued its earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $36.45 million for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.07 EPS. As a group, research analysts forecast that Broadwind will post 0.01 EPS for the current fiscal year.

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.