DMC Global Inc. (NASDAQ:BOOM) Short Interest Up 6.0% in January

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

DMC Global Trading Down 3.8 %

NASDAQ:BOOM opened at $8.14 on Monday. DMC Global has a one year low of $6.64 and a one year high of $19.72. The company’s 50-day simple moving average is $7.55 and its 200 day simple moving average is $10.17. The firm has a market capitalization of $163.04 million, a P/E ratio of -1.03 and a beta of 1.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09.

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 analysts’ consensus estimates of ($0.09) by ($0.40). The company had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period last year, the business earned $0.50 EPS. As a group, analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several institutional investors and hedge funds have recently made changes to their positions in BOOM. FMR LLC boosted its stake in DMC Global by 146.1% during the 3rd 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 during the last quarter. Quest Partners LLC boosted its position 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 valued at $87,000 after buying an additional 1,373 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in DMC Global by 82.4% in the 4th quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock worth $113,000 after buying an additional 7,000 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in DMC Global in the 3rd quarter worth about $130,000. Finally, Lakewood Asset Management LLC lifted its stake in DMC Global by 40.8% during the 4th quarter. Lakewood Asset Management LLC now owns 22,257 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 6,450 shares during the period. Institutional investors own 77.63% of the company’s stock.

Analyst Ratings Changes

BOOM has been the subject of several research analyst reports. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.

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.