DHI Group, Inc. (NYSE:DHX) Sees Large Increase in Short Interest

DHI Group, Inc. (NYSE:DHX) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 347,776 shares, an increase of 56.3% from the August 31st total of 222,435 shares. Based on an average daily volume of 307,815 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the company’s shares are sold short.

Hedge Funds Weigh In On DHI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHX. Tieton Capital Management LLC acquired a new stake in DHI Group in the second quarter valued at approximately $11,744,000. Nantahala Capital Management LLC bought a new stake in DHI Group in the second quarter worth approximately $8,807,640. Sei Investments Co. increased its stake in shares of DHI Group by 108.9% during the 1st 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 during the last quarter. BlackRock Inc. acquired a new position in shares of DHI Group during the 2nd quarter worth $3,033,000. Finally, AWM Investment Company Inc. bought a new position in shares of DHI Group during the 2nd quarter valued at $1,846,000. Institutional investors own 69.26% of the company’s stock.

DHI Group Stock Down 4.2%

NYSE DHX traded down $0.20 on Wednesday, reaching $4.67. The stock had a trading volume of 156,571 shares, compared to its average volume of 277,449. The business has a 50 day moving average price of $4.33 and a 200 day moving average price of $3.69. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. DHI Group has a 1 year low of $1.44 and a 1 year high of $5.19. The company has a market capitalization of $202.99 million, a price-to-earnings ratio of 155.89 and a beta of 1.19.

DHI Group (NYSE:DHX) last posted its quarterly 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. The company had revenue of $31.34 million during the quarter, compared to the consensus estimate of $30.88 million. DHI Group had a return on equity of 13.01% and a net margin of 0.97%. On average, analysts forecast that DHI Group will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DHX has been the topic of a number of research reports. Lake Street Capital upgraded DHI Group from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of DHI Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial upped 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.75.

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.