Short Interest in DMC Global Inc. (NASDAQ:BOOM) Rises By 6.0%

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 732,400 shares, a growth of 6.0% from the December 31st total of 690,700 shares. Based on an average daily volume of 249,700 shares, the short-interest ratio is presently 2.9 days. Approximately 4.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. Los Angeles Capital Management LLC increased its position in DMC Global by 5.6% during the third quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company's stock worth $274,000 after buying an additional 1,120 shares in the last quarter. FMR LLC boosted its stake in shares of 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 acquiring an additional 1,334 shares during the last quarter. Quest Partners LLC increased its position in DMC Global by 25.7% during the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company's stock worth $87,000 after purchasing an additional 1,373 shares in the last quarter. Victory Capital Management Inc. raised its stake in DMC Global by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock valued at $175,000 after purchasing an additional 1,654 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in DMC Global by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company's stock valued at $1,181,000 after purchasing an additional 4,556 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company's stock.

DMC Global Price Performance

Shares of DMC Global stock traded down $0.10 on Thursday, hitting $7.91. The company's stock had a trading volume of 116,896 shares, compared to its average volume of 184,429. 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 fifty day moving average price of $7.57 and a 200-day moving average price of $10.06. DMC Global has a 52-week low of $6.64 and a 52-week high of $19.72. The company has a market capitalization of $158.44 million, a P/E ratio of -1.00 and a beta of 1.59.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly 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). 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 analysts' expectations of $152.00 million. During the same period last year, the company earned $0.50 EPS. On average, equities research analysts expect that DMC Global will post -0.23 earnings per share for the current fiscal 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.