Today’s Shorts Alert: What Next for Dmc Global Incorporated (NASDAQ:BOOM) Stock After Increase in Shorted Shares?

November 28, 2016 - By Clifton Ray   ·   0 Comments

Today's Shorts Alert: What Next for Dmc Global Incorporated (NASDAQ:BOOM) Stock After Increase in Shorted Shares?

The stock of Dmc Global Incorporated (NASDAQ:BOOM) registered an increase of 14.5% in short interest. BOOM’s total short interest was 738,900 shares in November as published by FINRA. Its up 14.5% from 645,300 shares, reported previously. With 49,100 shares average volume, it will take short sellers 15 days to cover their BOOM’s short positions. The short interest to Dmc Global Incorporated’s float is 5.36%. The stock decreased 1.79% or $0.3 on November 25, hitting $16.45. Dmc Global Inc (NASDAQ:BOOM) has risen 101.35% since April 25, 2016 and is uptrending. It has outperformed by 95.33% the S&P500.

DMC Global Inc., formerly Dynamic Materials Corporation, is a diversified technology company. The company has a market cap of $233.97 million. The Firm operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. It currently has negative earnings. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.

Insitutional Activity: The institutional sentiment decreased to 1.74 in 2016 Q2. Its down 0.42, from 2.16 in 2016Q1. The ratio dropped, as 7 funds sold all Dmc Global Inc shares owned while 12 reduced positions. 17 funds bought stakes while 24 increased positions. They now own 12.36 million shares or 3.91% more from 11.89 million shares in 2016Q1.
Lafitte Cap Mngmt L P has invested 1.54% of its portfolio in Dmc Global Inc (NASDAQ:BOOM). Rhumbline Advisers owns 12,849 shares or 0% of their US portfolio. State Street Corp holds 0% or 119,682 shares in its portfolio. Blackrock Institutional Trust Company Na last reported 400,011 shares in the company. Morgan Stanley owns 17,928 shares or 0% of their US portfolio. The New York-based Pdt Lc has invested 0.01% in Dmc Global Inc (NASDAQ:BOOM). Bnp Paribas Arbitrage Sa has 0% invested in the company for 554 shares. Blackrock Inc has invested 0% of its portfolio in Dmc Global Inc (NASDAQ:BOOM). Moreover, Vanguard Group Inc Inc Inc has 0% invested in Dmc Global Inc (NASDAQ:BOOM) for 545,295 shares. Barclays Public Ltd last reported 0% of its portfolio in the stock. Sei Investments reported 1,335 shares or 0% of all its holdings. Manufacturers Life Insur The holds 0% or 10,836 shares in its portfolio. Rutabaga Mgmt Ltd Company Ma accumulated 1.18% or 589,450 shares. California Employees Retirement Systems holds 73,600 shares or 0% of its portfolio. Creative Planning has 0% invested in the company for 250 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 3 sales for $436,935 net activity. $221,270 worth of Dmc Global Inc (NASDAQ:BOOM) was sold by CARIOU YVON PIERRE. 12,500 shares with value of $146,209 were sold by LONGE KEVIN T on Friday, August 19.

Dmc Global Inc (NASDAQ:BOOM) Ratings Coverage

Out of 5 analysts covering Dynamic Materials (NASDAQ:BOOM), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Dynamic Materials has been the topic of 8 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 19 by Stifel Nicolaus. On Monday, March 21 the stock rating was maintained by Roth Capital with “Neutral”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, October 28. The rating was upgraded by Roth Capital on Monday, October 31 to “Buy”. Sidoti downgraded the shares of BOOM in a report on Friday, June 10 to “Neutral” rating. The rating was upgraded by TH Capital to “Buy” on Monday, October 31.

BOOM Company Profile

DMC Global Inc., formerly Dynamic Materials Corporation, incorporated on August 15, 1997, operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities. The Company’s divisions are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. The DynaEnergetics segment makes, markets and sells oilfield perforating equipment and explosives, including detonating cords, detonators, bi-directional boosters and shaped charges, and seismic related explosives and accessories. The Firm owns explosive metalworking and metallic processes, and registered trademarks, including Detaclad, Detacouple, EFTEK, ETJ 2000 and NOBELCLAD.

More news for Dmc Global Inc (NASDAQ:BOOM) were recently published by: Bizwest.com, which released: “Dynamic Materials Corp. changes name to DMC Global” on November 17, 2016. Marketwatch.com‘s article titled: “Dynamic Materials downgraded to neutral from buy at Sidoti & Co.” and published on February 13, 2011 is yet another important article.

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By Clifton Ray


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