DMC Global Inc. (NASDAQ:BOOM) Short Interest Update

DMC Global Inc. (NASDAQ:BOOM) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 565,600 shares, a decline of 10.9% from the October 15th total of 635,000 shares. Based on an average daily trading volume, of 240,700 shares, the short-interest ratio is presently 2.3 days. Currently, 3.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BOOM. Meeder Asset Management Inc. purchased a new stake in shares of DMC Global during the second quarter worth about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global during the first quarter worth about $26,000. FMR LLC increased its stake in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,334 shares in the last quarter. CWM LLC increased its stake in shares of DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Stock Down 2.6 %

NASDAQ BOOM traded down $0.21 on Friday, reaching $8.02. 381,587 shares of the company’s stock traded hands, compared to its average volume of 358,885. The stock has a 50 day moving average price of $11.41 and a 200-day moving average price of $12.55. DMC Global has a fifty-two week low of $7.96 and a fifty-two week high of $19.73. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The firm had revenue of $152.43 million during 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 quarter last year, the company posted $0.50 EPS. On average, equities analysts forecast that DMC Global will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Roth Mkm restated a “buy” rating and set a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Thursday.

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.