DMC Global Inc. (NASDAQ:BOOM) Short Interest Up 6.3% in November

DMC Global Inc. (NASDAQ:BOOM) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 628,600 shares, an increase of 6.3% from the November 15th total of 591,300 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 268,800 shares, the short-interest ratio is presently 2.3 days.

DMC Global Trading Down 3.3 %

BOOM stock traded down $0.24 during midday trading on Tuesday, reaching $6.95. The company’s stock had a trading volume of 112,620 shares, compared to its average volume of 260,477. The firm has a market capitalization of $139.18 million, a price-to-earnings ratio of -0.91 and a beta of 1.58. DMC Global has a 1 year low of $6.93 and a 1 year high of $19.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The stock has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $11.70.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share 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 company had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same period in the prior year, the firm posted $0.50 EPS. On average, equities research analysts predict that DMC Global will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its holdings in DMC Global by 25.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after acquiring an additional 80,774 shares in the last quarter. AQR Capital Management LLC boosted its stake in 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 worth $3,642,000 after purchasing an additional 169,150 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in DMC Global during the 2nd quarter worth approximately $1,090,000. CWM LLC increased its stake in DMC Global by 1,245.4% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of DMC Global by 11.9% during 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 buying an additional 112,138 shares during the period. Institutional investors own 77.63% of the company’s stock.

Wall Street Analyst Weigh In

BOOM has been the topic of a number of research analyst reports. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $8.00 in a research 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.