Short Interest in DHI Group, Inc. (NYSE:DHX) Drops By 31.3%

DHI Group, Inc. (NYSE:DHX) was the target of a large 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. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 180,419 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 180,419 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of DHI Group in a research report on Thursday, February 5th. Zacks Research upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Lake Street Capital reiterated a “hold” rating and set a $2.50 price objective (down from $3.00) on shares of DHI Group in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Hedge Funds Weigh In On DHI Group

Institutional investors have recently modified their holdings of the company. 22NW LP raised its stake in shares of DHI Group by 26.7% in the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock worth $9,801,000 after buying an additional 696,294 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of DHI Group by 38.1% in the second quarter. Ritholtz Wealth Management now owns 37,250 shares of the technology company’s stock worth $111,000 after buying an additional 10,285 shares during the period. Panagora Asset Management Inc. acquired a new position in DHI Group in the 2nd quarter worth approximately $68,000. Kazazian Asset Management LLC boosted its position in shares of DHI Group by 29.5% in the third quarter. Kazazian Asset Management LLC now owns 65,873 shares of the technology company’s stock worth $183,000 after buying an additional 15,000 shares during the period. Finally, JPMorgan Chase & Co. grew its stake 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 valued at $59,000 after acquiring an additional 20,045 shares in the last quarter. Institutional investors own 69.26% of the company’s stock.

DHI Group Stock Performance

NYSE:DHX traded up $0.10 during trading hours on Friday, reaching $2.42. 269,559 shares of the stock were exchanged, compared to its average volume of 1,173,050. The stock has a market capitalization of $113.89 million, a P/E ratio of -8.05 and a beta of 1.48. The firm has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $2.14. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 0.32. DHI Group has a 52 week low of $1.21 and a 52 week high of $3.34.

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

DHI Group Company Profile

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.