DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 6.1% in March

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 995,200 shares, a drop of 6.1% from the February 29th total of 1,060,000 shares. Currently, 5.3% of the company's shares are sold short. Based on an average daily volume of 264,600 shares, the short-interest ratio is currently 3.8 days.

Institutional Trading of DMC Global

A number of hedge funds and other institutional investors have recently bought and sold shares of BOOM. PNC Financial Services Group Inc. grew its holdings 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 valued at $25,000 after buying an additional 606 shares during the last quarter. New York State Teachers Retirement System acquired a new position in DMC Global during the 3rd quarter valued at about $42,000. Point72 Hong Kong Ltd bought a new stake in DMC Global during the 2nd quarter worth approximately $34,000. Covestor Ltd purchased a new stake in shares of DMC Global in the third quarter worth approximately $50,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of DMC Global by 367.7% in the second quarter. Point72 Asset Management L.P. now owns 2,404 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 1,890 shares in the last quarter. Institutional investors own 77.63% of the company's stock.

DMC Global Stock Down 0.9 %

Shares of BOOM stock traded down $0.17 on Monday, reaching $19.32. 158,486 shares of the company were exchanged, compared to its average volume of 273,340. DMC Global has a one year low of $14.89 and a one year high of $27.16. The company has a market cap of $382.34 million, a price-to-earnings ratio of 17.89 and a beta of 1.62. The company has a 50-day moving average of $17.73 and a 200-day moving average of $18.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.27.

DMC Global (NASDAQ:BOOM - Get Free Report) last announced its quarterly 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 firm had revenue of $174.04 million during the quarter, compared to the consensus estimate of $170.80 million. During the same quarter in the previous year, the company posted $0.22 EPS. Analysts anticipate that DMC Global will post 1.58 earnings per share for the current year.

Analyst Ratings Changes

BOOM has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on DMC Global from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. StockNews.com downgraded shares of DMC Global from a "buy" rating to a "hold" rating in a research report on Saturday, March 9th.

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.