Broadwind, Inc. (NASDAQ:BWEN) Short Interest Up 24.5% in December

Broadwind, Inc. (NASDAQ:BWEN) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 198,300 shares, an increase of 24.5% from the November 30th total of 159,300 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 163,300 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Broadwind

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Lincoln Capital Corp increased its stake in shares of Broadwind by 61.7% in the third quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 8,947 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Broadwind during the 2nd quarter valued at about $83,000. Cubist Systematic Strategies LLC acquired a new stake in Broadwind in the second quarter valued at approximately $84,000. American Century Companies Inc. boosted its holdings in Broadwind by 181.0% in the second 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 position in shares of Broadwind in the 2nd quarter valued at approximately $159,000. 33.27% of the stock is currently owned by institutional investors.

Broadwind Stock Performance

NASDAQ:BWEN traded up $0.01 during trading hours on Tuesday, reaching $2.02. 54,668 shares of the stock were exchanged, compared to its average volume of 155,014. The stock has a market capitalization of $44.67 million, a P/E ratio of 14.43 and a beta of 1.45. The firm has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.38. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. Broadwind has a 52 week low of $1.52 and a 52 week high of $4.65.

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.