DHI Group, Inc. (NYSE:DHX) Stock Short Interest Climbs 56.3%
by Mitch Edgeman · The Markets DailyDHI Group, Inc. (NYSE:DHX – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 347,776 shares, a growth of 56.3% from the August 31st total of 222,435 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 307,815 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Investors Weigh In On DHI Group
A number of hedge funds and other institutional investors have recently modified their holdings of DHX. Sei Investments Co. grew its stake in shares of DHI Group by 108.9% during the first quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock worth $5,070,000 after purchasing an additional 940,667 shares in the last quarter. Tieton Capital Management LLC purchased a new position in DHI Group in the second quarter valued at $11,744,000. BlackRock Inc. acquired a new stake in DHI Group in the second quarter valued at $3,033,000. North Star Investment Management Corp. acquired a new stake in DHI Group in the first quarter valued at $801,000. Finally, Assenagon Asset Management S.A. lifted its holdings in DHI Group by 535.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 288,135 shares of the technology company’s stock worth $810,000 after buying an additional 242,771 shares during the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.
DHI Group Stock Up 1.0%
Shares of DHI Group stock traded up $0.04 on Thursday, reaching $4.75. 194,690 shares of the company were exchanged, compared to its average volume of 266,896. DHI Group has a 1-year low of $1.44 and a 1-year high of $5.19. The company has a market cap of $206.03 million, a P/E ratio of 158.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44. The stock’s 50 day moving average price is $4.33 and its 200-day moving average price is $3.69.
DHI Group (NYSE:DHX – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. The firm had revenue of $31.34 million for the quarter, compared to analyst estimates of $30.88 million. As a group, equities analysts forecast that DHI Group will post 0.27 EPS for the current year.
Analyst Ratings Changes
DHX has been the subject of several recent research reports. B. Riley Financial raised their price objective on shares of DHI Group from $4.50 to $5.25 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research lowered shares of DHI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Lake Street Capital raised shares of DHI Group from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of DHI Group from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.75.
Check Out Our Latest Report on DHX
About DHI Group
DHI Group, Inc is a technology-focused career marketplace and data services company. Through its digital platforms, the company connects employers with specialized professionals and helps job seekers find opportunities in technology, engineering, cybersecurity, and other highly skilled fields.
The company’s principal brands include Dice, a career platform serving the technology industry, and ClearanceJobs, which focuses on professionals who hold or are eligible for U.S. security clearances.