What’s Next for Dmc Global Incorporated (NASDAQ:BOOM) After Having Less Shares Shorted?

January 13, 2018 - By Winifred Garcia

 What's Next for Dmc Global Incorporated (NASDAQ:BOOM) After Having Less Shares Shorted?

The stock of Dmc Global Incorporated (NASDAQ:BOOM) registered a decrease of 11.76% in short interest. BOOM’s total short interest was 245,400 shares in January as published by FINRA. Its down 11.76% from 278,100 shares, reported previously. With 55,600 shares average volume, it will take short sellers 4 days to cover their BOOM’s short positions. The short interest to Dmc Global Incorporated’s float is 1.75%.

The stock decreased 1.96% or $0.5 during the last trading session, reaching $24.95. About 141,092 shares traded or 111.52% up from the average. DMC Global Inc. (NASDAQ:BOOM) has risen 33.04% since January 13, 2017 and is uptrending. It has outperformed by 16.34% the S&P500.

DMC Global Inc. operates technical product and process businesses in the energy, industrial, and infrastructure markets worldwide. The company has market cap of $368.49 million. The firm operates in two divisions, NobelClad and DynaEnergetics. It currently has negative earnings. The NobelClad segment is involved in the production of explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for gas and oil, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

DMC Global Inc. (NASDAQ:BOOM) Ratings Coverage

Among 5 analysts covering Dynamic Materials (NASDAQ:BOOM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Dynamic Materials had 10 analyst reports since October 19, 2015 according to SRatingsIntel. On Monday, October 31 the stock rating was upgraded by TH Capital to “Buy”. Roth Capital upgraded DMC Global Inc. (NASDAQ:BOOM) on Monday, October 31 to “Buy” rating. The rating was downgraded by Sidoti to “Neutral” on Friday, June 10. Roth Capital maintained it with “Buy” rating and $18.5000 target in Friday, July 28 report. The stock of DMC Global Inc. (NASDAQ:BOOM) has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. The firm earned “Neutral” rating on Monday, March 21 by Roth Capital. Roth Capital maintained it with “Buy” rating and $18.5000 target in Monday, July 17 report. Stifel Nicolaus maintained the shares of BOOM in report on Wednesday, October 28 with “Buy” rating.

More important recent DMC Global Inc. (NASDAQ:BOOM) news were published by: Nasdaq.com which released: “DMC Global Inc. (BOOM) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017, also Globenewswire.com published article titled: “DMC Global Schedules Third Quarter Earnings Release and Conference Call”, Zacks.com published: “DMC Global (BOOM) Jumps: Stock Rises 6.8% December 28, 2017” on December 28, 2017. More interesting news about DMC Global Inc. (NASDAQ:BOOM) was released by: Globenewswire.com and their article: “DMC Global Reports Third Quarter Financial Results” with publication date: October 26, 2017.

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