DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 10.9% in October

DMC Global Inc. (NASDAQ:BOOM) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 565,600 shares, a decrease of 10.9% from the October 15th total of 635,000 shares. Based on an average daily volume of 240,700 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.3% of the shares of the stock are short sold.

DMC Global Stock Performance

Shares of NASDAQ BOOM traded down $0.05 during mid-day trading on Monday, hitting $7.97. 71,068 shares of the company were exchanged, compared to its average volume of 264,095. The stock has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $12.53. DMC Global has a 1-year low of $7.93 and a 1-year high of $19.73. 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 firm has a market cap of $159.64 million, a price-to-earnings ratio of -1.02 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. During the same period in the prior year, the business earned $0.50 earnings per share. On average, sell-side analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in DMC Global during the first quarter worth $26,000. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 3,974 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in DMC Global in the 1st quarter valued at about $194,000. Vanguard Group Inc. increased its holdings in DMC Global by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after acquiring an additional 64,677 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in DMC Global by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock worth $393,000 after acquiring an additional 951 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus dropped their price target on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Roth Mkm reiterated a “buy” rating and set a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st.

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.