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

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC grew its stake in shares of DMC Global by 5.6% in the third quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 1,120 shares during the last quarter. FMR LLC grew its position in 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 during the last quarter. Quest Partners LLC grew its position 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 valued at $87,000 after purchasing an additional 1,373 shares during the last quarter. Rhumbline Advisers raised its holdings in DMC Global by 5.4% in the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock worth $461,000 after buying an additional 1,648 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in DMC Global by 5.3% in the third quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company’s stock worth $1,181,000 after buying an additional 4,556 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Wall Street Analyst Weigh In

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

DMC Global Stock Performance

Shares of BOOM stock traded down $0.10 during midday trading on Friday, reaching $7.45. 146,613 shares of the stock were exchanged, compared to its average volume of 175,072. 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 company’s 50 day moving average is $7.59 and its two-hundred day moving average is $10.66. 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 results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) 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 business had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. Research analysts expect that DMC Global will post -0.23 EPS for the current year.

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.