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

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) was the target of a significant 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 trading volume of 249,700 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

BOOM has been the topic of a number of research analyst reports. Stifel Nicolaus downgraded shares of DMC Global from a "buy" rating to a "hold" rating and reduced their price target for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com downgraded shares of DMC Global from a "hold" rating to a "sell" rating in a report on Tuesday, December 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its holdings in shares of DMC Global by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company's stock valued at $274,000 after acquiring an additional 1,120 shares in the last quarter. FMR LLC raised its stake in DMC Global by 146.1% in the third 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 in the last quarter. Quest Partners LLC grew its stake in DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company's stock worth $87,000 after buying an additional 1,373 shares in the last quarter. Rhumbline Advisers raised its position in shares of DMC Global by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company's stock valued at $461,000 after buying an additional 1,648 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of DMC Global by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company's stock worth $1,181,000 after acquiring an additional 4,556 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company's stock.

DMC Global Stock Down 1.3 %

Shares of BOOM traded down $0.10 on Friday, reaching $7.45. The company's stock had a trading volume of 146,613 shares, compared to its average volume of 175,072. 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 firm has a fifty day moving average of $7.59 and a 200-day moving average of $10.66. DMC Global has a twelve month low of $6.64 and a twelve month high of $19.72.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. As a group, research analysts expect that DMC Global will post -0.23 EPS for the current year.

About DMC Global

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.

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