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

DHI Group, Inc. (NYSE:DHX) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 347,776 shares, a growth of 56.3% from the August 31st total of 222,435 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 307,815 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

DHX has been the topic of a number of recent analyst reports. Lake Street Capital upgraded shares of DHI Group from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Thursday, August 6th. Zacks Research cut shares of DHI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. B. Riley Financial raised their price objective 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, Weiss Ratings upgraded DHI Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DHI Group has an average rating of “Moderate Buy” and an average target price of $6.75.

DHI Group Price Performance

NYSE DHX traded down $0.20 on Wednesday, reaching $4.67. The company’s stock had a trading volume of 156,571 shares, compared to its average volume of 277,449. DHI Group has a twelve month low of $1.44 and a twelve month high of $5.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s 50 day moving average is $4.33 and its two-hundred day moving average is $3.69. The stock has a market cap of $202.99 million, a PE ratio of 155.89 and a beta of 1.19.

DHI Group (NYSE:DHX) last released its earnings results on Wednesday, August 5th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $31.34 million for the quarter, compared to the consensus estimate of $30.88 million. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. As a group, sell-side analysts predict that DHI Group will post 0.27 EPS for the current year.

Hedge Funds Weigh In On DHI Group

Hedge funds have recently modified their holdings of the stock. Tieton Capital Management LLC acquired a new stake in shares of DHI Group during the second quarter worth $11,744,000. Nantahala Capital Management LLC acquired a new stake in DHI Group during the 2nd quarter worth about $8,807,640. Sei Investments Co. lifted its stake in DHI Group by 108.9% during the first quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock valued at $5,070,000 after buying an additional 940,667 shares in the last quarter. BlackRock Inc. acquired a new position in shares of DHI Group in the second quarter worth about $3,033,000. Finally, AWM Investment Company Inc. purchased a new position in shares of DHI Group in the second quarter worth approximately $1,846,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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.