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

DMC Global Inc. (NASDAQ:BOOM) saw a large decline in short interest during 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 trading volume of 240,700 shares, the short-interest ratio is currently 2.3 days. Approximately 3.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOOM. Meeder Asset Management Inc. bought a new stake in shares of DMC Global during the second quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC purchased a new position in DMC Global during the first quarter valued at approximately $26,000. FMR LLC increased its holdings in DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares during the period. CWM LLC increased its holdings in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after buying an additional 2,553 shares during the period. Finally, Quest Partners LLC increased its holdings in 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 period. Institutional investors own 77.63% of the company’s stock.

DMC Global Price Performance

BOOM stock traded down $0.21 during trading on Friday, reaching $8.02. The company’s stock had a trading volume of 381,587 shares, compared to its average volume of 358,885. DMC Global has a 1 year low of $7.96 and a 1 year 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. The company’s fifty day moving average is $11.41 and its 200-day moving average is $12.55.

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 for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.50 EPS. Analysts predict that DMC Global will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Roth Mkm restated a “buy” rating and set a $24.00 price target on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus reduced their target price on DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, StockNews.com upgraded DMC Global from a “sell” rating to a “hold” rating in a research note 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.