Short Interest in DHI Group, Inc. (NYSE:DHX) Decreases By 31.3%

DHI Group, Inc. (NYSE:DHX) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 127,316 shares, a decline of 31.3% from the January 15th total of 185,341 shares. Based on an average daily volume of 180,419 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 180,419 shares, the days-to-cover ratio is presently 0.7 days.

DHI Group Trading Up 4.1%

DHX stock traded up $0.10 during trading on Friday, reaching $2.42. 269,559 shares of the stock were exchanged, compared to its average volume of 1,173,050. DHI Group has a 1 year low of $1.21 and a 1 year high of $3.34. The firm has a market capitalization of $113.89 million, a price-to-earnings ratio of -8.05 and a beta of 1.48. The business has a 50 day moving average price of $1.76 and a 200-day moving average price of $2.14. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32.

DHI Group declared that its board has approved a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

DHX has been the topic of several analyst reports. Lake Street Capital restated a “hold” rating and issued a $2.50 target price (down from $3.00) on shares of DHI Group in a research note on Tuesday, November 11th. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Barrington Research restated an “outperform” rating and issued a $10.00 target price on shares of DHI Group in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. purchased a new stake in DHI Group in the second quarter valued at $33,000. Invesco Ltd. acquired a new stake in shares of DHI Group in the 2nd quarter worth $45,000. Jacobs Levy Equity Management Inc. purchased a new stake in DHI Group in the 3rd quarter valued at approximately $49,000. Cubist Systematic Strategies LLC boosted its stake in shares of DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after buying an additional 15,089 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of DHI Group by 1,940.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock worth $59,000 after purchasing an additional 20,045 shares during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.

DHI Group Company Profile

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.