DMC Global (NASDAQ:BOOM) Short Interest Update

DMC Global (NASDAQ:BOOM) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 963,064 shares, an increase of 22.9% from the February 12th total of 783,824 shares. Based on an average daily volume of 468,309 shares, the days-to-cover ratio is presently 2.1 days. Approximately 4.8% of the company’s stock are sold short. Approximately 4.8% of the company’s stock are sold short. Based on an average daily volume of 468,309 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of DMC Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. AMH Equity Ltd purchased a new position in DMC Global during the 3rd quarter worth $845,000. Villanova Investment Management Co LLC grew its stake in shares of DMC Global by 164.9% during the second quarter. Villanova Investment Management Co LLC now owns 135,613 shares of the industrial products company’s stock worth $1,093,000 after acquiring an additional 84,420 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of DMC Global during the second quarter valued at about $350,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of DMC Global by 6.1% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 122,700 shares of the industrial products company’s stock valued at $989,000 after acquiring an additional 7,050 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of DMC Global by 1.5% in the 2nd quarter. Prudential Financial Inc. now owns 362,765 shares of the industrial products company’s stock valued at $2,924,000 after purchasing an additional 5,480 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Stock Up 2.3%

Shares of DMC Global stock opened at $4.84 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The company has a market cap of $99.17 million, a P/E ratio of -5.44 and a beta of 1.61. The firm’s 50 day moving average price is $7.47 and its 200-day moving average price is $7.18. DMC Global has a 52-week low of $4.69 and a 52-week high of $9.20.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, February 23rd. The industrial products company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.39). The firm had revenue of $143.53 million for the quarter, compared to analysts’ expectations of $142.37 million. DMC Global had a negative net margin of 3.01% and a negative return on equity of 2.77%. On average, sell-side analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BOOM shares. Roth Mkm dropped their price objective on shares of DMC Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Stifel Nicolaus reduced their price objective on shares of DMC Global from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen lowered DMC Global from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Zacks Research cut DMC Global from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of DMC Global in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $8.50.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.