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

DHI Group, Inc. (NYSE:DHX) saw a significant growth in short interest in the month of 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 company’s stock are sold short. Based on an average daily trading volume, of 192,988 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 192,988 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

DHI Group Stock Performance

Shares of DHX stock opened at $1.81 on Thursday. DHI Group has a 52 week low of $1.21 and a 52 week high of $3.34. The company has a market capitalization of $85.12 million, a price-to-earnings ratio of -5.82 and a beta of 1.45. The company has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.43 and a current ratio of 0.43.

DHI Group (NYSE:DHX) last issued its quarterly earnings data on Monday, November 10th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. DHI Group had a negative net margin of 10.24% and a positive return on equity of 10.14%. The firm had revenue of $32.12 million during the quarter, compared to the consensus estimate of $31.19 million. On average, sell-side analysts predict that DHI Group will post 0.11 earnings per share for the current year.

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

Institutional Investors Weigh In On DHI Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its stake in shares of DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after acquiring an additional 15,089 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of DHI Group during the 2nd quarter worth approximately $33,000. Invesco Ltd. bought a new position in shares of DHI Group during the second quarter worth approximately $45,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of DHI Group in the third quarter valued at approximately $49,000. Finally, NewEdge Advisors LLC raised its position in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after buying an additional 22,399 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DHX. Zacks Research cut shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. Finally, 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. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.