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Black Diamond Group Limited (OTCMKTS:BDIMF) Sees Significant Growth in Short Interest

Defense World ·  Apr 2, 2023 16:51

Black Diamond Group Limited (OTCMKTS:BDIMF – Get Rating) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 9,400 shares, an increase of 13.3% from the February 28th total of 8,300 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 3.1 days.

Black Diamond Group Stock Performance

Shares of OTCMKTS:BDIMF opened at $4.35 on Friday. The company's 50 day moving average price is $4.40 and its two-hundred day moving average price is $3.70. Black Diamond Group has a 12-month low of $2.49 and a 12-month high of $5.33. The firm has a market cap of $262.65 million, a PE ratio of 13.59 and a beta of 1.19. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.60.

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Black Diamond Group (OTCMKTS:BDIMF – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported $0.04 earnings per share (EPS) for the quarter. Black Diamond Group had a net margin of 8.09% and a return on equity of 8.25%. The firm had revenue of $65.56 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Black Diamond Group from C$7.00 to C$8.50 in a report on Friday, March 3rd. Raymond James increased their target price on shares of Black Diamond Group from C$8.00 to C$10.00 in a research report on Friday, March 3rd.

Black Diamond Group Company Profile

(Get Rating)

Black Diamond Group Ltd. engages in renting and selling space rental and modular workforce accommodation. It operates through the following segments: Modular Space Solutions, Workforce Solutions, and Corporate and Other. The Modular Space Solutions segment offers modular space rentals for office units, lavatories, storage units, large multi-unit office complexes, classroom facilities, custom manufactured modular facilities, and blast resistant structures.

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