DMC Global Inc. (NASDAQ:BOOM) Sees Significant Increase in Short Interest

DMC Global Inc. (NASDAQ:BOOM) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 628,600 shares, an increase of 6.3% from the November 15th total of 591,300 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily volume of 268,800 shares, the days-to-cover ratio is presently 2.3 days.

DMC Global Price Performance

BOOM stock traded down $0.24 during mid-day trading on Tuesday, reaching $6.95. The company’s stock had a trading volume of 112,620 shares, compared to its average volume of 260,477. The stock has a market cap of $139.18 million, a PE ratio of -0.91 and a beta of 1.58. The company’s 50 day moving average is $9.52 and its two-hundred day moving average is $11.70. DMC Global has a fifty-two week low of $6.93 and a fifty-two week high of $19.73. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The company had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same period last year, the firm posted $0.50 EPS. Equities research analysts expect that DMC Global will post -0.23 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on BOOM. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus downgraded DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On DMC Global

A number of institutional investors have recently bought and sold shares of BOOM. Dimensional Fund Advisors LP grew its holdings in shares of DMC Global by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after purchasing an additional 112,138 shares during the period. State Street Corp boosted its stake in DMC Global by 2.7% during the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after buying an additional 10,561 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in shares of DMC Global by 25.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after acquiring an additional 80,774 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in DMC Global by 1.6% during the third quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company’s stock worth $4,565,000 after purchasing an additional 5,525 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in DMC Global by 202.7% during the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock worth $3,642,000 after acquiring an additional 169,150 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.