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

DMC Global Inc. (NASDAQ:BOOM) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 482,000 shares, a growth of 16.7% from the August 31st total of 413,000 shares. Based on an average daily trading volume, of 226,700 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.9% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research firms have recently issued reports on BOOM. Stifel Nicolaus reduced their price target on shares of DMC Global from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Roth Mkm restated a “buy” rating and set a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Stock Performance

NASDAQ:BOOM traded up $0.24 during mid-day trading on Friday, hitting $13.00. The stock had a trading volume of 222,100 shares, compared to its average volume of 263,329. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $14.21. The stock has a market capitalization of $260.52 million, a price-to-earnings ratio of 10.66 and a beta of 1.63. DMC Global has a 52 week low of $10.45 and a 52 week high of $25.16.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The company had revenue of $171.18 million for the quarter, compared to analysts’ expectations of $165.45 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, 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 added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC raised its stake in shares of DMC Global by 25.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after purchasing an additional 80,774 shares in the last quarter. AQR Capital Management LLC increased its stake in DMC Global by 202.7% during the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after buying an additional 169,150 shares during the period. Squarepoint Ops LLC raised its position in shares of DMC Global by 30.2% during the 2nd quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company’s stock worth $1,610,000 after buying an additional 25,921 shares in the last quarter. Gabelli Funds LLC acquired a new stake in shares of DMC Global in the 2nd quarter worth approximately $224,000. Finally, Palouse Capital Management Inc. lifted its stake in shares of DMC Global by 23.9% in the 2nd quarter. Palouse Capital Management Inc. now owns 14,381 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 2,776 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

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.