DMC Global Inc. (NASDAQ:BOOM) Sees Significant Growth in Short Interest

DMC Global Inc. (NASDAQ:BOOM) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 628,600 shares, a growth of 6.3% from the November 15th total of 591,300 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 268,800 shares, the days-to-cover ratio is presently 2.3 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com cut shares of DMC Global from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus lowered DMC Global from a “buy” rating to a “hold” rating and dropped their price target for the company from $16.00 to $8.00 in a research report on Wednesday, November 20th.

DMC Global Trading Down 0.8 %

Shares of NASDAQ BOOM traded down $0.06 during trading on Friday, hitting $7.40. 136,743 shares of the company were exchanged, compared to its average volume of 261,224. The company has a fifty day moving average price of $9.65 and a 200-day moving average price of $11.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The firm has a market capitalization of $148.19 million, a PE ratio of -0.94 and a beta of 1.58. DMC Global has a 12-month low of $7.16 and a 12-month high of $19.73.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same period last year, the firm earned $0.50 earnings per share. As a group, equities research analysts expect that DMC Global will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in DMC Global by 291.0% during the third quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 19,901 shares during the last quarter. Villanova Investment Management Co LLC grew its holdings in shares of DMC Global by 14.8% during the 3rd quarter. Villanova Investment Management Co LLC now owns 132,939 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 17,110 shares during the period. State Street Corp increased its position in shares of DMC Global by 2.7% during the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 10,561 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in DMC Global in the 3rd quarter valued at about $130,000. Finally, FMR LLC lifted its position in DMC Global by 146.1% in the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

DMC Global Company Profile

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.