Black Diamond Group Ltd. (OTCMKTS:BDIMF) Sees Large Drop in Short Interest

Black Diamond Group Ltd. (OTCMKTS:BDIMF) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 298,129 shares, a drop of 45.1% from the May 31st total of 542,559 shares. Based on an average daily volume of 2,917 shares, the days-to-cover ratio is currently 102.2 days. Currently, 0.6% of the company’s shares are sold short.

Black Diamond Group Price Performance

Shares of BDIMF remained flat at $11.04 during midday trading on Thursday. The stock had a trading volume of 3,593 shares, compared to its average volume of 43,318. The firm has a market cap of $765.97 million, a P/E ratio of 31.56 and a beta of 0.73. The business has a 50-day simple moving average of $13.10 and a 200 day simple moving average of $12.16. Black Diamond Group has a 52 week low of $7.41 and a 52 week high of $14.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.42.

Black Diamond Group (OTCMKTS:BDIMF) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). Black Diamond Group had a return on equity of 8.65% and a net margin of 6.53%.The company had revenue of $93.46 million for the quarter, compared to the consensus estimate of $88.74 million.

Analysts Set New Price Targets

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

About Black Diamond Group

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.