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

DMC Global Inc. (NASDAQ:BOOM) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 482,000 shares, an increase 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 currently 2.1 days. Approximately 2.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On DMC Global

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in DMC Global in the 1st quarter worth approximately $26,000. PNC Financial Services Group Inc. grew its holdings in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after buying an additional 606 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of DMC Global during the second quarter valued at $25,000. CWM LLC raised its position 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, BNP Paribas Financial Markets lifted its stake in DMC Global by 68.4% in the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 3,974 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Price Performance

Shares of BOOM traded down $0.03 during trading hours on Monday, hitting $12.97. 108,953 shares of the company were exchanged, compared to its average volume of 262,703. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.53 and a quick ratio of 1.15. The company has a market capitalization of $259.17 million, a PE ratio of 10.66 and a beta of 1.63. The firm has a fifty day simple moving average of $12.19 and a 200-day simple moving average of $14.18. DMC Global has a one year low of $10.45 and a one year high of $24.72.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, topping 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 firm had revenue of $171.18 million for the quarter, compared to analysts’ expectations of $165.45 million. During the same quarter last year, the business posted $0.72 EPS. As a group, sell-side analysts predict that DMC Global will post 0.95 earnings per share 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.