Broadwind Energy, Inc. (NASDAQ:BWEN) Short Interest Up 74.0% in July

Broadwind Energy, Inc. (NASDAQ:BWEN) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 1,191,443 shares, an increase of 74.0% from the June 30th total of 684,741 shares. Currently, 5.4% of the company’s shares are sold short. Based on an average daily volume of 400,845 shares, the days-to-cover ratio is currently 3.0 days.

Broadwind Energy Price Performance

Shares of NASDAQ BWEN opened at $4.00 on Friday. The business has a 50-day moving average of $4.39 and a 200-day moving average of $3.26. Broadwind Energy has a 1-year low of $1.88 and a 1-year high of $5.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 0.65. The company has a market capitalization of $93.60 million, a price-to-earnings ratio of 18.18 and a beta of 1.74.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $34.06 million for the quarter, compared to the consensus estimate of $32.72 million. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. On average, equities analysts anticipate that Broadwind Energy will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Broadwind Energy during the 2nd quarter worth about $25,000. Virtu Financial LLC acquired a new position in shares of Broadwind Energy in the 3rd quarter valued at about $31,000. Goldman Sachs Group Inc. acquired a new position in shares of Broadwind Energy in the 1st quarter valued at about $25,000. Macco Financial Group Inc. purchased a new stake in shares of Broadwind Energy in the fourth quarter worth approximately $59,000. Finally, James Investment Research Inc. lifted its position in shares of Broadwind Energy by 124.0% in the first quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 15,000 shares in the last quarter. 33.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on BWEN shares. Weiss Ratings raised shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

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.