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

DLH Holdings Corp. (NASDAQ:DLHC) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 176,400 shares, a drop of 6.6% from the October 15th total of 188,900 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 48,400 shares, the short-interest ratio is currently 3.6 days.

DLH Stock Performance

Shares of DLHC opened at $8.25 on Monday. The company has a 50-day simple moving average of $9.03 and a 200-day simple moving average of $10.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $117.01 million, a PE ratio of 48.53 and a beta of 1.16. DLH has a 52-week low of $7.94 and a 52-week high of $17.58.

Hedge Funds Weigh In On DLH

Several hedge funds have recently added to or reduced their stakes in DLHC. Minerva Advisors LLC grew its holdings in shares of DLH by 24.2% during the third quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after buying an additional 123,796 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of DLH by 0.7% in the first quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock worth $6,736,000 after acquiring an additional 3,627 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DLH by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after acquiring an additional 45,915 shares during the last quarter. State Street Corp boosted its position in shares of DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after acquiring an additional 4,165 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of DLH in the second quarter worth approximately $1,013,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

DLH Company Profile

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).