Broadwind, Inc. (NASDAQ:BWEN) Short Interest Down 8.9% in November

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

Broadwind Trading Up 2.3 %

NASDAQ BWEN traded up $0.04 during trading hours on Friday, hitting $1.79. 89,249 shares of the company’s stock were exchanged, compared to its average volume of 155,811. The firm has a market cap of $39.58 million, a price-to-earnings ratio of 12.79 and a beta of 1.45. The stock has a 50-day simple moving average of $1.89 and a 200 day simple moving average of $2.54. The company has a current ratio of 1.50, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. Broadwind has a 1-year low of $1.52 and a 1-year high of $4.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lincoln Capital Corp raised its holdings in shares of Broadwind by 61.7% during the third 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 period. Ritholtz Wealth Management bought a new stake in Broadwind in the 2nd quarter valued at about $83,000. Cubist Systematic Strategies LLC acquired a new position in Broadwind during the 2nd quarter worth 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 acquiring an additional 29,653 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Broadwind in the second quarter worth approximately $159,000. 33.27% of the stock is owned by institutional investors.

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.