Black Diamond Group Ltd. (OTCMKTS:BDIMF) Short Interest Down 45.1% in June

Black Diamond Group Ltd. (OTCMKTS:BDIMFGet Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 298,129 shares, a drop of 45.1% from the May 31st total of 542,559 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 2,917 shares, the days-to-cover ratio is currently 102.2 days.

Black Diamond Group Stock Performance

OTCMKTS:BDIMF opened at $13.14 on Wednesday. The firm has a 50-day moving average of $13.13 and a two-hundred day moving average of $12.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $911.26 million, a P/E ratio of 37.54 and a beta of 0.70. Black Diamond Group has a 1-year low of $7.41 and a 1-year high of $14.58.

Black Diamond Group (OTCMKTS:BDIMFGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Black Diamond Group had a return on equity of 8.65% and a net margin of 6.53%.The business had revenue of $93.46 million for the quarter, compared to analysts’ expectations of $88.74 million.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Black Diamond Group in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Report on Black Diamond Group

About Black Diamond Group

(Get Free Report)

Black Diamond Group Limited, trading on the OTC Markets under the symbol BDIMF, is a provider of cloud-based wealth management technology. Its flagship offering, the Black Diamond® Wealth Platform, delivers portfolio accounting, performance reporting, rebalancing, trading and client portal capabilities through a software-as-a-service model. The platform is designed to meet the needs of registered investment advisers, family offices, broker-dealers and institutional asset managers seeking a unified system for portfolio management and client servicing.

The company supports a wide range of account types and investment strategies, incorporating tools for multi-currency accounting, customizable reporting and business intelligence.

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