DMC Global Inc. (NASDAQ:BOOM) Short Interest Down 21.0% in April

DMC Global Inc. (NASDAQ:BOOM - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 374,200 shares, a decline of 21.0% from the March 31st total of 473,900 shares. Based on an average trading volume of 236,800 shares, the short-interest ratio is presently 1.6 days. Approximately 2.0% of the company's shares are short sold.

Institutional Investors Weigh In On DMC Global

Several institutional investors and hedge funds have recently modified their holdings of BOOM. PNC Financial Services Group Inc. boosted its holdings in DMC Global by 82.2% in 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 purchasing an additional 606 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in DMC Global by 1.8% in the third quarter. New York State Common Retirement Fund now owns 35,411 shares of the industrial products company's stock valued at $867,000 after purchasing an additional 641 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in DMC Global by 0.7% in the first quarter. Rice Hall James & Associates LLC now owns 110,970 shares of the industrial products company's stock valued at $2,163,000 after purchasing an additional 757 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in DMC Global by 1.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 110,635 shares of the industrial products company's stock valued at $2,082,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in DMC Global in the first quarter valued at about $26,000. Hedge funds and other institutional investors own 77.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BOOM. Stifel Nicolaus lowered their price target on 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 DMC Global from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th.

DMC Global Stock Down 1.6 %

Shares of NASDAQ BOOM traded down $0.26 on Friday, hitting $16.49. The company had a trading volume of 187,676 shares, compared to its average volume of 122,569. DMC Global has a 12-month low of $14.89 and a 12-month high of $27.16. The business has a 50 day moving average of $17.77 and a two-hundred day moving average of $17.71. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $326.34 million, a P/E ratio of 15.27 and a beta of 1.62.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share 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 company had revenue of $174.04 million during the quarter, compared to analysts' expectations of $170.80 million. During the same period in the previous year, the company earned $0.22 EPS. As a group, equities research analysts forecast that DMC Global will post 1.58 earnings per share 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.

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