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

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Lincoln Capital Corp grew its position in Broadwind by 61.7% in the 3rd quarter. Lincoln Capital Corp now owns 23,437 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 8,947 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of Broadwind in the 2nd quarter worth approximately $83,000. Cubist Systematic Strategies LLC bought a new position in shares of Broadwind in the second quarter valued at approximately $84,000. American Century Companies Inc. increased its position in shares of Broadwind by 181.0% during the second quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 29,653 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Broadwind during the second quarter valued at approximately $159,000. 33.27% of the stock is owned by institutional investors.

Broadwind Stock Up 2.3 %

BWEN traded up $0.04 during mid-day trading on Friday, reaching $1.79. 89,249 shares of the stock were exchanged, compared to its average volume of 155,811. Broadwind has a 1 year low of $1.52 and a 1 year high of $4.65. 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 stock has a market capitalization of $39.58 million, a PE ratio of 12.79 and a beta of 1.45. The company has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $2.54.

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.