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

DHI Group, Inc. (NYSE:DHX) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 71,289 shares, an increase of 58.6% from the November 30th total of 44,955 shares. Based on an average daily volume of 284,693 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 284,693 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC purchased a new stake in DHI Group in the third quarter valued at approximately $2,337,000. 22NW LP increased its holdings in shares of DHI Group by 26.7% in the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock valued at $9,801,000 after acquiring an additional 696,294 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of DHI Group in the 2nd quarter valued at $603,000. Citadel Advisors LLC purchased a new stake in DHI Group in the 3rd quarter valued at $392,000. Finally, Goldman Sachs Group Inc. boosted its stake in DHI Group by 37.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock worth $440,000 after purchasing an additional 86,631 shares during the period. Institutional investors and hedge funds own 69.26% of the company’s stock.

DHI Group Stock Up 0.6%

NYSE:DHX traded up $0.01 during midday trading on Friday, hitting $1.62. 192,748 shares of the company were exchanged, compared to its average volume of 268,805. The company has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $2.38. DHI Group has a fifty-two week low of $1.21 and a fifty-two week high of $3.34. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $76.40 million, a PE ratio of -5.23 and a beta of 1.45.

DHI Group (NYSE:DHX) last released its quarterly earnings data on Monday, November 10th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $32.12 million during the quarter, compared to the consensus estimate of $31.19 million. DHI Group had a negative net margin of 10.24% and a positive return on equity of 10.14%. As a group, equities analysts anticipate that DHI Group will post 0.11 earnings per share for the current fiscal year.

DHI Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Lake Street Capital reaffirmed a “hold” rating and set a $2.50 price objective (down from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. Zacks Research cut DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.75.

About DHI Group

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.