DMC Global (NASDAQ:BOOM) Stock Short Interest Report for October

DMC Global (NASDAQ:BOOM) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 531,754 shares, a growth of 271.6% from the October 15th total of 143,109 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average trading volume of 1,221,101 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOOM. BlackRock Inc. bought a new stake in DMC Global during the second quarter worth $2,875,000. Empowered Funds LLC bought a new position in DMC Global in the 2nd quarter valued at about $691,000. Bank of America Corp DE purchased a new position in shares of DMC Global in the 2nd quarter worth approximately $474,000. GSA Capital Partners LLP bought a new position in DMC Global during the second quarter valued at about $346,000. Finally, Deutsche Bank AG purchased a new stake in shares of DMC Global during the 2nd quarter worth approximately $322,000. Institutional investors own 77.63% of the company’s stock.

DMC Global Stock Down 2.0%

Shares of DMC Global stock traded down $0.16 on Friday, reaching $7.83. 269,354 shares of the company were exchanged, compared to its average volume of 324,813. The stock’s 50 day moving average price is $6.42 and its 200-day moving average price is $6.55. The company has a market cap of $160.83 million, a P/E ratio of -32.62 and a beta of 1.66. DMC Global has a 1-year low of $4.69 and a 1-year high of $9.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 1.24.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.37. The firm had revenue of $172.83 million during the quarter, compared to analysts’ expectations of $161.10 million. DMC Global had a negative return on equity of 2.13% and a negative net margin of 1.15%. As a group, equities analysts forecast that DMC Global will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BOOM. Wall Street Zen raised DMC Global from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Stifel Nicolaus boosted their price objective on DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of DMC Global from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Finally, Weiss Ratings lowered shares of DMC Global from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

DMC Global Company Profile

DMC Global is a multinational industrial company whose businesses serve the energy, infrastructure and construction markets. The company was formerly known as Dynamic Materials Corporation and adopted the DMC Global name in 2018. Its portfolio includes DynaEnergetics, which develops and manufactures perforating systems and related products used in oil and gas well completions, and NobelClad, which produces explosion-welded clad metal plates for industrial equipment and infrastructure applications.