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

DMC Global Inc. (NASDAQ:BOOM) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 635,000 shares, a growth of 9.1% from the September 30th total of 581,900 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average trading volume of 242,700 shares, the short-interest ratio is presently 2.6 days.

DMC Global Stock Down 0.2 %

NASDAQ:BOOM opened at $10.09 on Friday. The firm has a market capitalization of $202.19 million, a price-to-earnings ratio of 13.28 and a beta of 1.63. DMC Global has a twelve month low of $9.70 and a twelve month high of $19.73. The stock’s 50 day moving average price is $12.05 and its two-hundred day moving average price is $13.18. The company has a quick ratio of 1.15, a current ratio of 2.53 and a debt-to-equity ratio of 0.20.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.16. The firm had revenue of $171.18 million for the quarter, compared to analyst estimates of $165.45 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same quarter in the previous year, the firm earned $0.72 EPS. Equities research analysts expect that DMC Global will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of DMC Global by 82.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 606 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of DMC Global by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock worth $393,000 after acquiring an additional 951 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of DMC Global during the 1st quarter worth approximately $26,000. Rhumbline Advisers increased its holdings in shares of DMC Global by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of DMC Global during the 2nd quarter worth approximately $25,000. 77.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BOOM has been the topic of several research reports. Roth Mkm restated a “buy” rating and issued a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st. Stifel Nicolaus lowered their price target on DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, October 11th.

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.