Dmc Global Inc (NASDAQ:BOOM) Has Decline in Shorts

May 18, 2018 - By Rita Stryker

The stock of Dmc Global Inc (NASDAQ:BOOM) registered a decrease of 11.25% in short interest. BOOM’s total short interest was 278,500 shares in May as published by FINRA. Its down 11.25% from 313,800 shares, reported previously. With 195,800 shares average volume, it will take short sellers 1 days to cover their BOOM’s short positions. The short interest to Dmc Global Inc’s float is 1.99%.

The stock increased 1.19% or $0.5 during the last trading session, reaching $42.55. About 154,945 shares traded or 27.35% up from the average. DMC Global Inc. (NASDAQ:BOOM) has risen 110.12% since May 18, 2017 and is uptrending. It has outperformed by 98.57% 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 $632.94 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.

More notable recent DMC Global Inc. (NASDAQ:BOOM) news were published by: Seekingalpha.com which released: “BOOM! Spectacular Turnaround At DMC Global” on May 01, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Mixed; Phillips 66 Earnings Beat Views” published on April 27, 2018, Investorplace.com published: “5 Stocks With Recent Price Strength to Boost Your Portfolio” on May 14, 2018. More interesting news about DMC Global Inc. (NASDAQ:BOOM) were released by: Seekingalpha.com and their article: “DMC Global’s (BOOM) CEO Kevin Longe on Q1 2018 Results – Earnings Call Transcript” published on April 27, 2018 as well as Globenewswire.com‘s news article titled: “DMC Global Reports First Quarter Financial Results” with publication date: April 26, 2018.

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