Short Interest in DMC Global Inc. (NASDAQ:BOOM) Rises By 6.0%

DMC Global Inc. (NASDAQ:BOOM) was the target of a large 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 presently 2.9 days. Currently, 4.3% of the company’s shares are sold short.

DMC Global Stock Performance

Shares of BOOM stock opened at $7.45 on Tuesday. The stock has a market capitalization of $149.22 million, a PE ratio of -0.94 and a beta of 1.59. The business’s 50 day simple moving average is $7.55 and its 200 day simple moving average is $10.58. 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 has a one year low of $6.64 and a one year 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). 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 analyst estimates of $152.00 million. During the same quarter last year, the company earned $0.50 earnings per share. As a group, research analysts forecast that DMC Global will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of DMC Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Stifel Nicolaus downgraded DMC Global from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.00 to $8.00 in a report on Wednesday, November 20th.

Institutional Trading of DMC Global

Large investors have recently bought and sold shares of the business. FMR LLC boosted its position in shares of 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 in the last quarter. Quest Partners LLC lifted its stake in DMC Global by 25.7% in 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 period. FNY Investment Advisers LLC boosted its holdings in shares of 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 buying an additional 7,000 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of DMC Global during the 3rd quarter worth approximately $130,000. Finally, Lakewood Asset Management LLC increased its stake in shares of DMC Global by 40.8% in 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 in 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.