DHI Group, Inc. (NYSE:DHX) Short Interest Up 39.9% in February

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 172,500 shares, a growth of 39.9% from the February 13th total of 123,300 shares. Based on an average trading volume of 172,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the shares of the company are short sold.

DHI Group Stock Performance

Shares of DHI Group stock traded down $0.08 during trading hours on Thursday, hitting $1.66. 88,454 shares of the company were exchanged, compared to its average volume of 200,865. The business has a 50-day moving average of $2.43 and a 200-day moving average of $2.00. DHI Group has a 1 year low of $1.45 and a 1 year high of $3.32. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $80.97 million, a price-to-earnings ratio of 165.67 and a beta of 1.08.

DHI Group (NYSE:DHX - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. As a group, analysts expect that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group declared that its board has initiated a stock buyback program on Tuesday, January 21st that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 4.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

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Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and set a $7.00 price target on shares of DHI Group in a report on Thursday, February 6th.

Insider Activity

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total transaction of $29,600.00. Following the transaction, the director now directly owns 118,113 shares of the company's stock, valued at approximately $349,614.48. This trade represents a 7.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 15,200 shares of company stock valued at $39,830 in the last ninety days. 15.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DHI Group

Large investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in DHI Group during the fourth quarter worth $25,000. Picton Mahoney Asset Management grew its stake in shares of DHI Group by 92.1% during the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company's stock worth $31,000 after purchasing an additional 8,449 shares during the period. NewEdge Advisors LLC purchased a new position in shares of DHI Group in the 4th quarter valued at about $32,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of DHI Group by 86.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company's stock valued at $113,000 after purchasing an additional 28,552 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in DHI Group by 7.0% during the fourth quarter. Northern Trust Corp now owns 77,687 shares of the technology company's stock worth $138,000 after buying an additional 5,090 shares in the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.

About DHI Group

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.