DMC Global Inc. (NASDAQ:BOOM) Short Interest Up 6.3% in November

DMC Global Inc. (NASDAQ:BOOM) was the target of a large 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. Based on an average trading volume of 268,800 shares, the short-interest ratio is presently 2.3 days. Currently, 3.7% of the shares of the company are sold short.

Analyst Ratings Changes

BOOM has been the topic of several recent research reports. Stifel Nicolaus downgraded 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 report on Wednesday, November 20th. StockNews.com downgraded DMC Global from a “hold” rating to a “sell” rating in a research report on Saturday.

Institutional Investors Weigh In On DMC Global

Several hedge funds have recently modified their holdings of BOOM. AQR Capital Management LLC raised its holdings 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 worth $3,642,000 after purchasing an additional 169,150 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DMC Global by 11.9% in 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 buying an additional 112,138 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of DMC Global by 25.9% during 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 buying an additional 80,774 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of DMC Global during the 2nd quarter valued at approximately $1,090,000. Finally, American Century Companies Inc. grew its stake in DMC Global by 97.0% in the 2nd quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company’s stock valued at $764,000 after acquiring an additional 26,085 shares during the period. 77.63% of the stock is owned by hedge funds and other institutional investors.

DMC Global Stock Performance

NASDAQ:BOOM traded down $0.06 during trading hours on Friday, reaching $7.40. The company had a trading volume of 136,743 shares, compared to its average volume of 261,224. 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 has a 1-year low of $7.16 and a 1-year high of $19.73. The business’s 50 day moving average price is $9.65 and its 200-day moving average price is $11.74. The firm has a market cap of $148.19 million, a PE ratio of -0.94 and a beta of 1.58.

DMC Global (NASDAQ:BOOM) last posted its 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 during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.50 earnings per share. Research analysts forecast that DMC Global will post -0.23 EPS for the current year.

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.