What Will Happen to Broadwind Energy Inc (NASDAQ:BWEN) Next? The Stock Has Increase in Shorts

April 20, 2018 - By Nellie Frank

Broadwind Energy, Inc. (NASDAQ:BWEN) Logo

The stock of Broadwind Energy Inc (NASDAQ:BWEN) registered an increase of 5.03% in short interest. BWEN’s total short interest was 304,600 shares in April as published by FINRA. Its up 5.03% from 290,000 shares, reported previously. With 44,900 shares average volume, it will take short sellers 7 days to cover their BWEN’s short positions. The short interest to Broadwind Energy Inc’s float is 2.72%.

The stock decreased 5.71% or $0.18 during the last trading session, reaching $2.97. About 74,468 shares traded. Broadwind Energy, Inc. (NASDAQ:BWEN) has declined 66.57% since April 20, 2017 and is downtrending. It has underperformed by 78.12% the S&P500.

Broadwind Energy, Inc. provides products to the energy, mining, and infrastructure sector clients primarily in the United States. The company has market cap of $45.45 million. It operates through two divisions, Towers and Weldments, and Gearing. It currently has negative earnings. The Towers and Weldments segment makes towers that are designed for various megawatt wind turbines, as well as specialty fabrications and specialty weldments for mining and other industrial customers.

Broadwind Energy, Inc. (NASDAQ:BWEN) Institutional Positions Chart

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