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

DMC Global Inc. (NASDAQ:BOOM) saw 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. Currently, 4.3% of the company’s shares are sold short. Based on an average daily volume of 249,700 shares, the short-interest ratio is presently 2.9 days.

DMC Global Price Performance

Shares of BOOM opened at $8.32 on Wednesday. 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 stock has a market cap of $166.65 million, a P/E ratio of -1.05 and a beta of 1.59. The stock’s 50-day moving average price is $7.57 and its two-hundred day moving average price is $10.09. DMC Global has a 1 year low of $6.64 and a 1 year high of $19.72.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) 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 analyst estimates 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 prior year, the firm posted $0.50 EPS. On average, equities analysts predict that DMC Global will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On DMC Global

Several institutional investors and hedge funds have recently made changes to their positions in BOOM. FMR LLC increased its position in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares in the last quarter. Quest Partners LLC increased its holdings in DMC Global by 25.7% during the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of DMC Global in the 3rd quarter valued at about $130,000. FNY Investment Advisers LLC lifted its holdings in shares of DMC Global by 82.4% in the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Lakewood Asset Management LLC acquired a new position in shares of DMC Global during the third quarter worth about $205,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

Analysts Set New Price Targets

BOOM has been the subject of several analyst reports. StockNews.com cut shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $8.00 in a report 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.