Short Interest in Broadwind Energy, Inc. (NASDAQ:BWEN) Rises By 137.6%

Broadwind Energy, Inc. (NASDAQ:BWEN) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 110,513 shares, an increase of 137.6% from the January 29th total of 46,511 shares. Based on an average daily volume of 376,408 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 376,408 shares, the days-to-cover ratio is presently 0.3 days.

Broadwind Energy Price Performance

BWEN stock opened at $2.48 on Friday. Broadwind Energy has a 1 year low of $1.41 and a 1 year high of $4.15. The firm has a 50-day moving average of $3.00 and a 200 day moving average of $2.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.97 and a quick ratio of 0.66. The company has a market cap of $57.54 million, a P/E ratio of 11.27 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWEN. Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. Wall Street Zen lowered Broadwind Energy from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Broadwind Energy currently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

Institutional Trading of Broadwind Energy

A number of hedge funds have recently made changes to their positions in BWEN. AMH Equity Ltd grew its position in Broadwind Energy by 124.6% during the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 179,382 shares during the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of Broadwind Energy during the second quarter valued at approximately $30,000. Quinn Opportunity Partners LLC increased its position in shares of Broadwind Energy by 0.8% during the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock valued at $909,000 after acquiring an additional 4,000 shares in the last quarter. Mariner LLC raised its holdings in Broadwind Energy by 17.1% in the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 5,268 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Broadwind Energy by 62.0% in the 4th quarter. LPL Financial LLC now owns 31,637 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 12,102 shares during the last quarter. 33.27% of the stock is owned by institutional investors.

About Broadwind Energy

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.