Black Diamond Group Ltd. (OTCMKTS:BDIMF) Short Interest Update

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

Black Diamond Group Stock Performance

Shares of BDIMF stock opened at $12.76 on Friday. The firm’s 50 day moving average is $13.10 and its 200 day moving average is $12.17. The stock has a market capitalization of $884.91 million, a P/E ratio of 36.46 and a beta of 0.73. Black Diamond Group has a 12 month low of $7.41 and a 12 month high of $14.58. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.88.

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

Analyst Upgrades and Downgrades

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

Black Diamond Group Company Profile

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.