Short Interest in DHI Group, Inc. (NYSE:DHX) Decreases By 14.4%

DHI Group, Inc. (NYSE:DHX) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 109,028 shares, a decline of 14.4% from the January 29th total of 127,316 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 2,192,686 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 2,192,686 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Lake Street Capital reissued a “hold” rating and set a $2.50 price objective (down from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $10.00 target price on shares of DHI Group in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

DHI Group Stock Up 6.5%

DHX stock opened at $2.61 on Friday. The stock has a market capitalization of $117.37 million, a PE ratio of -8.70 and a beta of 1.37. The company has a quick ratio of 0.44, 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. The firm has a 50 day moving average of $2.03 and a 200 day moving average of $2.15.

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

Institutional Trading of DHI Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. 22NW LP grew its position in DHI Group by 26.7% during the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock worth $9,801,000 after purchasing an additional 696,294 shares during the period. XTX Topco Ltd increased its position in shares of DHI Group by 484.2% in the fourth quarter. XTX Topco Ltd now owns 111,299 shares of the technology company’s stock valued at $173,000 after buying an additional 92,249 shares in the last quarter. Barclays PLC increased its holdings in DHI Group by 64.3% in the 4th quarter. Barclays PLC now owns 115,266 shares of the technology company’s stock worth $179,000 after acquiring an additional 45,096 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of DHI Group by 111.2% during the 3rd quarter. Susquehanna International Group LLP now owns 126,039 shares of the technology company’s stock worth $350,000 after purchasing an additional 66,369 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of DHI Group during the third quarter valued at approximately $392,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.