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

Black Diamond Group Ltd. (OTCMKTS:BDIMF) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 298,129 shares, a decline of 45.1% from the May 31st total of 542,559 shares. Based on an average trading volume of 2,917 shares, the short-interest ratio is presently 102.2 days. Approximately 0.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an “outperform” rating on shares of Black Diamond Group in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Black Diamond Group Price Performance

Black Diamond Group stock opened at $13.14 on Wednesday. Black Diamond Group has a 52-week low of $7.41 and a 52-week high of $14.58. The firm has a fifty day moving average of $13.13 and a 200-day moving average of $12.15. The firm has a market capitalization of $911.26 million, a P/E ratio of 37.54 and a beta of 0.70. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.88.

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

About Black Diamond Group

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.