DHI Group, Inc. (NYSE:DHX) Short Interest Update

DHI Group, Inc. (NYSE:DHX) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 185,341 shares, an increase of 197.9% from the December 31st total of 62,209 shares. Based on an average trading volume of 192,988 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 192,988 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

DHX has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Lake Street Capital restated a “hold” rating and issued a $2.50 price target (down from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. Finally, Zacks Research downgraded DHI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.75.

DHI Group Stock Performance

Shares of DHX opened at $1.74 on Friday. The company has a market cap of $82.06 million, a PE ratio of -5.61 and a beta of 1.45. The firm has a 50-day moving average of $1.69 and a 200-day moving average of $2.19. DHI Group has a one year low of $1.21 and a one year high of $3.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.43 and a quick ratio of 0.43.

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

DHI Group declared that its Board of Directors has authorized a share buyback program on Thursday, November 6th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHX. Geode Capital Management LLC increased its position in DHI Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock worth $1,073,000 after acquiring an additional 4,188 shares during the period. Ritholtz Wealth Management increased its holdings in shares of DHI Group by 38.1% during the second quarter. Ritholtz Wealth Management now owns 37,250 shares of the technology company’s stock worth $111,000 after purchasing an additional 10,285 shares during the period. Sei Investments Co. raised its position in shares of DHI Group by 22.3% in the second quarter. Sei Investments Co. now owns 57,089 shares of the technology company’s stock valued at $170,000 after buying an additional 10,426 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of DHI Group in the second quarter valued at approximately $33,000. Finally, Assenagon Asset Management S.A. grew its position in DHI Group by 36.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 45,364 shares of the technology company’s stock worth $70,000 after buying an additional 12,110 shares in the last quarter. 69.26% of the stock is owned by institutional investors and hedge funds.

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.