DMC Global Inc. (NASDAQ:BOOM) Short Interest Update

DMC Global Inc. (NASDAQ:BOOM) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 374,200 shares, a drop of 21.0% from the March 31st total of 473,900 shares. Based on an average daily trading volume, of 236,800 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.0% of the shares of the company are short sold.

Institutional Investors Weigh In On DMC Global

A number of large investors have recently modified their holdings of BOOM. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global in the first quarter valued at about $26,000. PNC Financial Services Group Inc. increased its stake in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after buying an additional 606 shares during the period. New York State Teachers Retirement System purchased a new position in DMC Global in the third quarter valued at approximately $42,000. Covestor Ltd purchased a new position in DMC Global in the third quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC increased its stake in DMC Global by 722.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,488 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price target on shares of DMC Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. StockNews.com raised shares of DMC Global from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

DMC Global Price Performance

DMC Global stock traded up $0.07 during trading on Monday, reaching $16.56. The company had a trading volume of 196,353 shares, compared to its average volume of 239,303. The firm’s 50-day simple moving average is $17.77 and its 200 day simple moving average is $17.68. DMC Global has a 1-year low of $14.89 and a 1-year high of $27.16. The firm has a market capitalization of $327.72 million, a PE ratio of 15.27 and a beta of 1.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). DMC Global had a return on equity of 9.14% and a net margin of 3.29%. The business had revenue of $174.04 million for the quarter, compared to analyst estimates of $170.80 million. During the same period last year, the firm earned $0.22 EPS. As a group, equities research analysts anticipate that DMC Global will post 1.58 earnings per share for the current fiscal 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.