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

DHI Group, Inc. (NYSE:DHX) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 71,289 shares, an increase of 58.6% from the November 30th total of 44,955 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 284,693 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 284,693 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On DHI Group

Several institutional investors have recently modified their holdings of DHX. 22NW LP lifted its position in DHI Group by 26.7% in the second quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock valued at $9,801,000 after acquiring an additional 696,294 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of DHI Group by 37.6% during the first quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock worth $440,000 after purchasing an additional 86,631 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of DHI Group in the 1st quarter valued at about $105,000. Acadian Asset Management LLC lifted its holdings in shares of DHI Group by 5.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,562,060 shares of the technology company’s stock valued at $2,168,000 after purchasing an additional 82,456 shares during the last quarter. Finally, CWC Advisors LLC. boosted its position in shares of DHI Group by 2.6% in the 2nd quarter. CWC Advisors LLC. now owns 241,739 shares of the technology company’s stock valued at $718,000 after purchasing an additional 6,136 shares during the period. 69.26% of the stock is owned by hedge funds and other institutional investors.

DHI Group Trading Up 4.2%

Shares of DHX stock traded up $0.07 on Tuesday, hitting $1.63. The stock had a trading volume of 787,215 shares, compared to its average volume of 193,598. The company’s 50 day moving average price is $1.79 and its 200-day moving average price is $2.37. DHI Group has a 1 year low of $1.21 and a 1 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. The firm has a market capitalization of $76.64 million, a P/E ratio of -5.32 and a beta of 1.45.

DHI Group (NYSE:DHX) last released its earnings results on Monday, November 10th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $32.12 million during the quarter, compared to the consensus estimate of $31.19 million. DHI Group had a positive return on equity of 10.14% and a negative net margin of 10.24%. Analysts anticipate that DHI Group will post 0.11 earnings per share for the current year.

DHI Group announced that its board has authorized a share repurchase program on Thursday, November 6th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DHX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, October 8th. Lake Street Capital reaffirmed a “hold” rating and set a $2.50 price target (down previously from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. Finally, Zacks Research cut DHI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.