DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 19.3% in May

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 778,400 shares, a decline of 19.3% from the April 30th total of 964,100 shares. Based on an average daily volume of 215,600 shares, the short-interest ratio is currently 3.6 days. Approximately 4.6% of the company's stock are sold short.

Analyst Ratings Changes

Several analysts recently commented on BOOM shares. Stifel Nicolaus reduced their price target on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded shares of DMC Global from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On DMC Global

Several institutional investors have recently made changes to their positions in the stock. Man Group plc lifted its stake in shares of DMC Global by 16.4% in the 4th quarter. Man Group plc now owns 43,619 shares of the industrial products company's stock worth $321,000 after acquiring an additional 6,141 shares during the period. Barclays PLC raised its holdings in DMC Global by 13.5% during the fourth quarter. Barclays PLC now owns 30,362 shares of the industrial products company's stock worth $222,000 after purchasing an additional 3,621 shares in the last quarter. Victory Capital Management Inc. lifted its position in DMC Global by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after purchasing an additional 1,654 shares during the period. Geode Capital Management LLC lifted its position in DMC Global by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock worth $3,276,000 after purchasing an additional 2,339 shares during the period. Finally, Invesco Ltd. boosted its stake in DMC Global by 4.4% during the 4th quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company's stock valued at $375,000 after purchasing an additional 2,128 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

DMC Global Trading Up 5.9%

Shares of DMC Global stock traded up $0.39 during trading hours on Tuesday, reaching $7.02. 361,736 shares of the company's stock were exchanged, compared to its average volume of 238,959. DMC Global has a 52-week low of $6.02 and a 52-week high of $15.14. The company has a fifty day moving average of $6.89 and a 200-day moving average of $7.55. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $143.85 million, a price-to-earnings ratio of -0.89 and a beta of 1.47.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.19. The firm had revenue of $159.29 million for the quarter, compared to analysts' expectations of $149.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. Sell-side analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

About DMC Global

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.