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

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) was the target of a large decrease in short interest in 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 trading volume, of 240,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 3.3% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BOOM shares. StockNews.com raised DMC Global from a "sell" rating to a "hold" rating in a research note on Thursday. Roth Mkm reissued a "buy" rating and issued a $24.00 price objective on shares of DMC Global in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus lowered their price objective on DMC Global from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, October 11th.

Hedge Funds Weigh In On DMC Global

Several institutional investors have recently modified their holdings of BOOM. Meeder Asset Management Inc. bought a new position in shares of DMC Global in the second quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC bought a new position in DMC Global during the first quarter valued at $26,000. FMR LLC grew its holdings in DMC Global by 146.1% during 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 during the period. CWM LLC grew its holdings 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 purchasing an additional 2,553 shares during the period. Finally, Quest Partners LLC grew its holdings in DMC Global by 25.7% during the third 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 period. 77.63% of the stock is owned by institutional investors.

DMC Global Stock Down 2.6 %

Shares of DMC Global stock traded down $0.21 on Friday, hitting $8.02. The company had a trading volume of 381,587 shares, compared to its average volume of 358,885. The stock has a market capitalization of $160.64 million, a price-to-earnings ratio of -1.02 and a beta of 1.66. 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 50 day moving average of $11.41 and a 200-day moving average of $12.53. DMC Global has a 1 year low of $7.96 and a 1 year high of $19.73.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its 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). The business had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period in the prior year, the company earned $0.50 earnings per share. As a group, sell-side analysts forecast that DMC Global will post -0.23 earnings per share 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.