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

DHI Group, Inc. (NYSE:DHX) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 181,100 shares, an increase of 23.9% from the September 30th total of 146,200 shares. Based on an average trading volume of 145,200 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DHX. Point72 DIFC Ltd acquired a new stake in DHI Group during the 2nd quarter worth $30,000. Cubist Systematic Strategies LLC acquired a new stake in DHI Group during the 2nd quarter worth $35,000. Virtu Financial LLC acquired a new stake in DHI Group during the 1st quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new stake in DHI Group during the 2nd quarter worth $41,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in DHI Group during the 1st quarter worth $45,000. 69.26% of the stock is owned by hedge funds and other institutional investors.

DHI Group Stock Down 0.6 %

DHI Group stock traded down $0.01 during mid-day trading on Wednesday, reaching $1.75. 71,649 shares of the company’s stock were exchanged, compared to its average volume of 213,545. The company has a market cap of $84.60 million, a P/E ratio of 43.75 and a beta of 1.02. DHI Group has a twelve month low of $1.45 and a twelve month high of $2.98. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $1.73 and a 200-day moving average of $2.03.

DHI Group (NYSE:DHX) last released its earnings results on Wednesday, August 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. DHI Group had a net margin of 1.77% and a return on equity of 7.47%. The company had revenue of $35.83 million for the quarter, compared to analyst estimates of $36.10 million. During the same period in the prior year, the business earned $0.02 EPS. Sell-side analysts expect that DHI Group will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHX. Barrington Research reiterated an “outperform” rating and issued a $7.00 target price on shares of DHI Group in a report on Wednesday, August 14th. StockNews.com lowered shares of DHI Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th.

DHI Group Company Profile

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.