DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Update

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 217,400 shares, an increase of 30.4% from the December 15th total of 166,700 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 50,300 shares, the days-to-cover ratio is presently 4.3 days.

DLH Trading Down 0.3 %

Shares of DLH stock traded down $0.02 during trading on Friday, hitting $7.92. 18,413 shares of the company were exchanged, compared to its average volume of 41,799. The firm has a market capitalization of $113.97 million, a P/E ratio of 15.53 and a beta of 1.18. The firm’s fifty day moving average price is $8.06 and its 200 day moving average price is $9.30. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99. DLH has a 1-year low of $7.34 and a 1-year high of $17.58.

Insider Buying and Selling at DLH

In other DLH news, CFO Kathryn M. Johnbull acquired 10,000 shares of DLH stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $7.76 per share, with a total value of $77,600.00. Following the completion of the purchase, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. The trade was a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 21.60% of the company’s stock.

Institutional Trading of DLH

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers acquired a new stake in shares of DLH during the second quarter worth $90,000. Barclays PLC increased its holdings in DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after purchasing an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of DLH by 654.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 12,906 shares during the period. Squarepoint Ops LLC bought a new stake in shares of DLH in the second quarter valued at about $367,000. Finally, Bank of New York Mellon Corp boosted its position in shares of DLH by 160.2% during the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after buying an additional 22,928 shares during the period. Institutional investors own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded DLH from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).