DHI Group, Inc. (NYSE:DHX) Short Interest Update

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 130,400 shares, a drop of 5.9% from the December 31st total of 138,600 shares. Based on an average trading volume of 131,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company's stock are sold short.

DHI Group Stock Down 4.7 %

Shares of DHX traded down $0.14 during midday trading on Friday, reaching $2.82. 214,322 shares of the stock were exchanged, compared to its average volume of 169,885. The company has a market cap of $136.29 million, a price-to-earnings ratio of 70.52 and a beta of 1.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.29. DHI Group has a 12-month low of $1.45 and a 12-month high of $2.99. The firm has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $1.88.

DHI Group announced that its board has initiated a share buyback plan on Tuesday, January 21st that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the technology company to purchase up to 4.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on DHX shares. B. Riley lowered their price objective on shares of DHI Group from $4.00 to $3.50 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. Barrington Research restated an "outperform" rating and set a $7.00 price target on shares of DHI Group in a report on Wednesday.

Institutional Trading of DHI Group

Several large investors have recently added to or reduced their stakes in DHX. Point72 DIFC Ltd acquired a new position in shares of DHI Group during the 2nd quarter valued at about $30,000. Cubist Systematic Strategies LLC bought a new stake in DHI Group during the second quarter worth approximately $35,000. Allworth Financial LP acquired a new position in DHI Group during the third quarter valued at approximately $49,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of DHI Group by 86.2% in the third 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 during the period. Finally, Sei Investments Co. lifted its stake in shares of DHI Group by 25.8% in the second quarter. Sei Investments Co. now owns 58,712 shares of the technology company's stock worth $123,000 after buying an additional 12,049 shares during the last quarter. 69.26% of the stock is owned by institutional investors.

DHI Group Company Profile

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.

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