Black Diamond Group Ltd. (OTCMKTS:BDIMF) Stock Short Interest Jumps 52.8%

Black Diamond Group Ltd. (OTCMKTS:BDIMF – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 719,338 shares, an increase of 52.8% from the August 31st total of 470,693 shares. Based on an average daily volume of 12,633 shares, the days-to-cover ratio is presently 56.9 days. Currently, 1.4% of the company’s shares are sold short.

Black Diamond Group Price Performance

BDIMF opened at $14.15 on Thursday. Black Diamond Group has a 1 year low of $9.70 and a 1 year high of $15.35. The company’s 50 day simple moving average is $13.06 and its 200 day simple moving average is $12.86. The stock has a market capitalization of $966.59 million, a PE ratio of 56.60 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.57 and a current ratio of 1.57.

Black Diamond Group (OTCMKTS:BDIMF – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $90.71 million during the quarter, compared to analyst estimates of $91.57 million. Black Diamond Group had a net margin of 4.60% and a return on equity of 7.24%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Black Diamond Group in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

View Our Latest Stock Analysis on BDIMF

About Black Diamond Group

(Get Free Report)

Black Diamond Group Limited is a Canadian provider of modular buildings and workforce accommodation solutions. The company serves organizations that require flexible, relocatable space for projects, operations, and temporary or permanent facilities.

Through its Modular Space Solutions business, Black Diamond Group offers modular buildings for commercial, industrial, institutional, education, health care, and other applications. Its offerings include offices, classrooms, workforce facilities, and related space solutions available for lease or sale, along with services supporting delivery, installation, and site requirements.

The company’s Workforce Solutions business provides accommodations and associated services for remote and resource-intensive operations.

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