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

DMC Global Inc. (NASDAQ:BOOM) was the recipient 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. Approximately 4.3% of the shares of the stock are short sold. Based on an average daily volume of 249,700 shares, the short-interest ratio is presently 2.9 days.

DMC Global Stock Down 3.8 %

BOOM opened at $8.14 on Monday. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $7.55 and its 200 day simple moving average is $10.17. DMC Global has a 52 week low of $6.64 and a 52 week high of $19.72. The stock has a market cap of $163.04 million, a PE ratio of -1.03 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last announced 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 period in the prior year, the business posted $0.50 earnings per share. As a group, research analysts expect that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors have recently made changes to their positions in BOOM. Dimensional Fund Advisors LP lifted its stake in DMC Global by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after purchasing an additional 112,138 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of DMC Global by 202.7% in 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 acquiring an additional 169,150 shares during the last quarter. Lakewood Asset Management LLC purchased a new stake in DMC Global during the 3rd quarter valued at about $205,000. Hunter Associates Investment Management LLC grew its position in DMC Global by 1.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company’s stock worth $4,565,000 after acquiring an additional 5,525 shares during the last quarter. Finally, Olympiad Research LP grew its position in DMC Global by 121.8% during the 3rd quarter. Olympiad Research LP now owns 38,314 shares of the industrial products company’s stock worth $497,000 after acquiring an additional 21,037 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BOOM shares. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Stifel Nicolaus downgraded shares of DMC Global from a “buy” rating to a “hold” rating and lowered their target price for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th.

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.