DMC Global Inc. (NASDAQ:BOOM) Sees Large Increase in Short Interest

DMC Global Inc. (NASDAQ:BOOM) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 732,400 shares, an increase of 6.0% from the December 15th total of 690,700 shares. Based on an average daily trading volume, of 249,700 shares, the short-interest ratio is currently 2.9 days. Approximately 4.3% of the shares of the company are short sold.

DMC Global Stock Down 1.3 %

Shares of BOOM opened at $7.45 on Monday. The stock has a market cap of $149.22 million, a price-to-earnings ratio of -0.94 and a beta of 1.59. The company has a 50-day moving average price of $7.59 and a two-hundred day moving average price of $10.63. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global has a 12 month low of $6.64 and a 12 month high of $19.72.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The firm had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same period in the previous year, the business posted $0.50 EPS. Equities analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com cut shares of DMC Global from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.

Institutional Trading of DMC Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of 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 purchasing an additional 1,334 shares in the last quarter. Quest Partners LLC grew its holdings in DMC Global by 25.7% during the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 1,373 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in DMC Global during the 3rd quarter worth $130,000. Gabelli Funds LLC acquired a new stake in DMC Global during the 2nd quarter worth $224,000. Finally, FNY Investment Advisers LLC grew its holdings in DMC Global by 82.4% during the 4th quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 7,000 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

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.