DLH Holdings Corp. (NASDAQ:DLHC) Sees Large Growth in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large increase in short interest in the month of 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. Based on an average daily trading volume, of 50,300 shares, the days-to-cover ratio is presently 4.3 days. Approximately 1.8% of the company’s shares are sold short.

DLH Stock Down 0.3 %

Shares of DLHC stock traded down $0.02 on Friday, reaching $7.92. 18,413 shares of the stock were exchanged, compared to its average volume of 41,799. DLH has a twelve month low of $7.34 and a twelve month high of $17.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $113.97 million, a price-to-earnings ratio of 15.53 and a beta of 1.18. The business’s 50 day moving average price is $8.06 and its 200 day moving average price is $9.30.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the acquisition, the chief financial officer now directly owns 528,687 shares in the company, valued at $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 21.60% of the company’s stock.

Hedge Funds Weigh In On DLH

Several large investors have recently bought and sold shares of the stock. Albert D Mason Inc. grew its position in shares of DLH by 10.7% during the fourth quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock worth $832,000 after acquiring an additional 10,016 shares during the last quarter. Barclays PLC grew its position 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 during the last quarter. State Street Corp increased its stake in DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after purchasing an additional 4,165 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares during the last quarter. Finally, Minerva Advisors LLC boosted its stake 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 during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).