DMC Global Inc. (NASDAQ:BOOM) Short Interest Update

DMC Global Inc. (NASDAQ:BOOM) was the recipient of a significant growth in short interest in 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. Approximately 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 249,700 shares, the short-interest ratio is presently 2.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BOOM. AQR Capital Management LLC increased its position 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 valued at $3,642,000 after acquiring an additional 169,150 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $15,219,000 after purchasing an additional 112,138 shares during the last quarter. Hunter Associates Investment Management LLC increased its holdings in shares of DMC Global by 19.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock valued at $3,078,000 after purchasing an additional 67,410 shares in the last quarter. JPMorgan Chase & Co. raised its position in DMC Global by 92.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after purchasing an additional 45,722 shares during the last quarter. Finally, Olympiad Research LP lifted its holdings in DMC Global by 121.8% during the 3rd quarter. Olympiad Research LP now owns 38,314 shares of the industrial products company’s stock worth $497,000 after buying an additional 21,037 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Stock Performance

DMC Global stock opened at $8.32 on Wednesday. The firm has a market capitalization of $166.65 million, a P/E ratio of -1.05 and a beta of 1.59. The stock has a fifty day moving average price of $7.57 and a two-hundred day moving average price of $10.09. DMC Global has a 52-week low of $6.64 and a 52-week high of $19.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09.

DMC Global (NASDAQ:BOOM) 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). The firm had revenue of $152.43 million for 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 business earned $0.50 earnings per share. As a group, analysts anticipate that DMC Global will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BOOM. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com lowered shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th.

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.