Short Interest in DHI Group, Inc. (NYSE:DHX) Increases By 249.1%

DHI Group, Inc. (NYSE:DHX) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 380,632 shares, an increase of 249.1% from the February 12th total of 109,028 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 454,531 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 454,531 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC raised its holdings in shares of DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after purchasing an additional 15,089 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of DHI Group during the second quarter valued at approximately $33,000. Invesco Ltd. bought a new position in shares of DHI Group during the second quarter valued at approximately $45,000. Jacobs Levy Equity Management Inc. purchased a new position in DHI Group during the third quarter valued at approximately $49,000. Finally, NewEdge Advisors LLC increased its holdings in DHI Group by 122.3% during the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after buying an additional 22,399 shares during the period. 69.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHX. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a research note on Tuesday, March 3rd. Finally, Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. 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 given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.25.

DHI Group Trading Down 2.5%

Shares of NYSE DHX traded down $0.06 during trading hours on Thursday, reaching $2.39. The stock had a trading volume of 188,328 shares, compared to its average volume of 389,506. DHI Group has a 52-week low of $1.21 and a 52-week high of $3.34. The firm has a market cap of $107.43 million, a price-to-earnings ratio of -7.96 and a beta of 1.37. The business’s fifty day moving average price is $2.12 and its two-hundred day moving average price is $2.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32.

DHI Group announced that its board has authorized a stock repurchase plan on Wednesday, February 4th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 12.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.