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

DHI Group, Inc. (NYSE:DHX) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 109,028 shares, a decline of 14.4% from the January 29th total of 127,316 shares. Based on an average daily trading volume, of 2,192,686 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,192,686 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. 22NW LP increased its holdings in DHI Group by 26.7% during the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock worth $9,801,000 after purchasing an additional 696,294 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of DHI Group by 1.2% in the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock worth $1,073,000 after buying an additional 4,188 shares during the last quarter. Tieton Capital Management LLC increased its stake in shares of DHI Group by 1.0% in the fourth quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock worth $4,716,000 after buying an additional 31,100 shares during the last quarter. Invesco Ltd. bought a new position in DHI Group during the 2nd quarter valued at $45,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in DHI Group during the 3rd quarter worth $49,000. 69.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHX has been the topic of several research analyst reports. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of DHI Group in a report on Tuesday. Finally, Lake Street Capital restated a “hold” rating and issued a $2.50 price target (down from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DHI Group presently has an average rating of “Moderate Buy” and an average price target of $6.25.

DHI Group Price Performance

Shares of NYSE DHX traded down $0.02 during trading on Wednesday, reaching $2.57. The company had a trading volume of 85,259 shares, compared to its average volume of 743,519. DHI Group has a twelve month low of $1.21 and a twelve month high of $3.34. The stock has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $2.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $115.57 million, a PE ratio of -8.57 and a beta of 1.37.

DHI Group declared that its Board of Directors has approved a stock repurchase program on Thursday, November 6th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the technology company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.