DHI Group, Inc. (NYSE:DHX) Sees Significant Drop in Short Interest

DHI Group, Inc. (NYSE:DHX) was the recipient of a significant decline in short interest during the month of 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 short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 180,419 shares, the short-interest ratio is presently 0.7 days.

DHI Group Stock Performance

Shares of NYSE:DHX traded up $0.10 on Monday, hitting $2.42. The company’s stock had a trading volume of 269,559 shares, compared to its average volume of 1,180,072. DHI Group has a 12 month low of $1.21 and a 12 month high of $3.34. The company has a market capitalization of $108.60 million, a price-to-earnings ratio of -8.05 and a beta of 1.48. The stock’s 50-day moving average is $1.76 and its two-hundred day moving average is $2.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.44 and a current ratio of 0.44.

DHI Group announced that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

DHX has been the topic of several research reports. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Lake Street Capital reiterated a “hold” rating and set a $2.50 price target (down from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of DHI Group in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.25.

Institutional Investors Weigh In On DHI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new position in shares of DHI Group in the 2nd quarter worth $33,000. Invesco Ltd. acquired a new position in shares of DHI Group in the 2nd quarter valued at $45,000. Jacobs Levy Equity Management Inc. purchased a new position in DHI Group in the 3rd quarter worth about $49,000. Cubist Systematic Strategies LLC increased its stake in DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after purchasing an additional 15,089 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in 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 buying an additional 20,045 shares during the period. Institutional investors own 69.26% of the company’s stock.

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.