Broadwind Energy, Inc. (BWEN) Is At $2.25 Formed Wedge; Signature Bank (SBNY) Shorts Increased By 1.5%

March 19, 2018 - By John Hoffman

Signature Bank (NASDAQ:SBNY) had an increase of 1.5% in short interest. SBNY’s SI was 1.50M shares in March as released by FINRA. Its up 1.5% from 1.48M shares previously. With 460,400 avg volume, 3 days are for Signature Bank (NASDAQ:SBNY)’s short sellers to cover SBNY’s short positions. The SI to Signature Bank’s float is 2.85%. The stock increased 0.75% or $1.16 during the last trading session, reaching $155.62. About 1.01M shares traded or 166.15% up from the average. Signature Bank (NASDAQ:SBNY) has risen 4.47% since March 19, 2017 and is uptrending. It has underperformed by 12.23% the S&P500.

Broadwind Energy, Inc. (BWEN) formed wedge down with $2.14 target or 5.00% below today’s $2.25 share price. Broadwind Energy, Inc. (BWEN) has $34.43 million valuation. It closed at $2.25 lastly. It is up 53.71% since March 19, 2017 and is uptrending. It has outperformed by 37.01% the S&P500.

Among 3 analysts covering Broadwind Energy (NASDAQ:BWEN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Broadwind Energy had 7 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by Cowen & Co with “Outperform” on Tuesday, August 16. The firm has “Buy” rating given on Wednesday, August 2 by Cowen & Co. Cowen & Co maintained it with “Buy” rating and $900 target in Monday, July 10 report. The rating was initiated by Roth Capital with “Buy” on Friday, June 30. The stock of Broadwind Energy, Inc. (NASDAQ:BWEN) earned “Buy” rating by Roth Capital on Wednesday, August 2. The firm has “Buy” rating by Roth Capital given on Tuesday, October 31.

Analysts await Broadwind Energy, Inc. (NASDAQ:BWEN) to report earnings on May, 1. They expect $-0.20 EPS, down 322.22% or $0.29 from last year’s $0.09 per share. After $-0.45 actual EPS reported by Broadwind Energy, Inc. for the previous quarter, Wall Street now forecasts -55.56% EPS growth.

Signature Bank provides various business and personal banking services and products. The company has market cap of $8.35 billion. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. It has a 21.86 P/E ratio. The firm also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and construction and land loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset lending, mortgages, home equity loans, and credit card accounts.

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