What Next for Broadwind Energy Incorporated (NASDAQ:BWEN) Stock After Increase in Shorted Shares?

September 17, 2017 - By Dolores Ford

 What Next for Broadwind Energy Incorporated (NASDAQ:BWEN) Stock After Increase in Shorted Shares?

The stock of Broadwind Energy Incorporated (NASDAQ:BWEN) registered an increase of 41.04% in short interest. BWEN’s total short interest was 306,900 shares in September as published by FINRA. Its up 41.04% from 217,600 shares, reported previously. With 54,700 shares average volume, it will take short sellers 6 days to cover their BWEN’s short positions. The short interest to Broadwind Energy Incorporated’s float is 2.65%.

The stock increased 2.68% or $0.09 on September 15, reaching $3.45. About 38,711 shares traded. Broadwind Energy Inc. (NASDAQ:BWEN) has risen 53.71% since September 17, 2016 and is uptrending. It has outperformed by 37.01% the S&P500.

Broadwind Energy, Inc. provides technologically advanced services and products to energy, mining and infrastructure sector customers, primarily in the United States. The company has market cap of $51.87 million. The Firm is engaged primarily in United States wind energy industry. It has a 7.04 P/E ratio. The Firm operates through two divisions: Towers and Weldments, and Gearing.

Broadwind Energy Inc. (NASDAQ:BWEN) Ratings Coverage

Among 3 analysts covering Broadwind Energy (NASDAQ:BWEN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Broadwind Energy had 6 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Broadwind Energy Inc. (NASDAQ:BWEN) earned “Buy” rating by Cowen & Co on Monday, July 10. As per Wednesday, August 2, the company rating was maintained by Cowen & Co. The firm earned “Outperform” rating on Tuesday, August 16 by Cowen & Co. Roth Capital maintained it with “Buy” rating and $500 target in Wednesday, August 2 report. The company was initiated on Friday, June 30 by Roth Capital.

More notable recent Broadwind Energy Inc. (NASDAQ:BWEN) news were published by: Seekingalpha.com which released: “Broadwind Energy: 50% Upside Potential” on June 21, 2017, also Seekingalpha.com with their article: “Broadwind Energy’s (BWEN) CEO Stephanie Kushner on Q2 2017 Results – Earnings …” published on August 01, 2017, Globenewswire.com published: “Broadwind Energy Reaches Agreement to Acquire Red Wolf Company, LLC” on January 30, 2017. More interesting news about Broadwind Energy Inc. (NASDAQ:BWEN) were released by: Seekingalpha.com and their article: “Broadwind Energy’s (BWEN) CEO Stephanie Kushner on Q1 2017 Results – Earnings …” published on May 02, 2017 as well as Globenewswire.com‘s news article titled: “Broadwind Energy Announces $23 Million in New Tower Orders” with publication date: December 07, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.