Broadwind Energy, Inc. (NASDAQ:BWEN) Sees Significant Drop in Short Interest

Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 53,729 shares, a decrease of 41.0% from the December 15th total of 91,105 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.Get Broadwind Energy alerts:Institutional Investors Weigh In On Broadwind EnergyA number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quinn Opportunity Partners LLC boosted its holdings in Broadwind Energy by 0.8% during the 2nd 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 during the period. Bridgeway Capital Management LLC lifted its position in Broadwind Energy by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 4,903 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Broadwind Energy by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company's stock valued at $475,000 after purchasing an additional 10,142 shares during the period. XTX Topco Ltd purchased a new position in shares of Broadwind Energy in the second quarter worth $25,000. Finally, Virtu Financial LLC bought a new stake in Broadwind Energy during the 3rd quarter valued at $31,000. Institutional investors own 33.27% of the company's stock. Broadwind Energy Trading Down 10.0%BWEN stock opened at $3.60 on Thursday. The company has a market capitalization of $83.52 million, a PE ratio of 16.36 and a beta of 1.37. Broadwind Energy has a one year low of $1.41 and a one year high of $4.15. The company's 50 day moving average price is $3.00 and its two-hundred day moving average price is $2.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97. Broadwind Energy (NASDAQ:BWEN - Get Free Report) last released its earnings results on Thursday, November 13th. The industrial products company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $44.24 million for the quarter, compared to analyst estimates of $41.28 million. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. As a group, analysts predict that Broadwind Energy will post 0.01 earnings per share for the current fiscal year. Wall Street Analysts Forecast GrowthA number of research firms have commented on BWEN. Wall Street Zen raised shares of Broadwind Energy from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Broadwind Energy in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $4.50.Get Our Latest Analysis on BWENBroadwind Energy Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Broadwind EnergyElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetIf You Keep Cash In A U.S. Bank Account… Read This NOWThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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