Short Interest in DHI Group, Inc. (NYSE:DHX) Grows By 197.9%

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

DHI Group Stock Performance

DHX stock opened at $1.74 on Friday. The business has a fifty day moving average price of $1.69 and a 200 day moving average price of $2.19. 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 has a fifty-two week low of $1.21 and a fifty-two week high of $3.34. The stock has a market capitalization of $82.06 million, a price-to-earnings ratio of -5.61 and a beta of 1.45.

DHI Group (NYSE:DHX) last announced its 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 company had revenue of $32.12 million during the quarter, compared to analyst estimates of $31.19 million. Analysts expect that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group announced that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of DHI Group

Several hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. acquired a new position in DHI Group during the 2nd quarter worth $33,000. Invesco Ltd. bought a new stake in shares of DHI Group during the second quarter worth $45,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of DHI Group during the third quarter worth $49,000. Cubist Systematic Strategies LLC increased its position in DHI Group by 258.8% in the first 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 during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of DHI Group by 1,940.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock valued at $59,000 after purchasing an additional 20,045 shares during the last quarter. 69.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DHX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Lake Street Capital reaffirmed a “hold” rating and issued a $2.50 price target (down previously from $3.00) on shares of DHI Group in a research note on Tuesday, November 11th. Finally, Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.