DHI Group, Inc. (NYSE:DHX) Stock Short Interest Climbs 56.3%

DHI Group, Inc. (NYSE:DHX) was the target of a significant 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 trading volume, of 307,815 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Trading of DHI Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in shares of DHI Group in the 2nd quarter valued at approximately $588,000. Nantahala Capital Management LLC bought a new position in DHI Group during the second quarter worth $8,807,640. Empowered Funds LLC acquired a new position in DHI Group in the second quarter worth $299,000. Bank of America Corp DE bought a new stake in DHI Group during the second quarter valued at $189,000. Finally, AWM Investment Company Inc. bought a new stake in DHI Group during the second quarter valued at $1,846,000. 69.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

DHI Group Stock Up 1.5%

Shares of DHX traded up $0.07 during trading on Friday, reaching $4.84. The company’s stock had a trading volume of 63,370 shares, compared to its average volume of 351,239. The company has a fifty day moving average of $4.35 and a two-hundred day moving average of $3.71. DHI Group has a twelve month low of $1.44 and a twelve month high of $5.19. The company has a market cap of $210.15 million, a price-to-earnings ratio of 161.39 and a beta of 1.23. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34.

DHI Group (NYSE:DHX) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. The firm had revenue of $31.34 million for the quarter, compared to analysts’ expectations of $30.88 million. On average, sell-side analysts predict that DHI Group will post 0.27 EPS for the current fiscal year.

DHI Group Company Profile

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.