Short Interest in DHI Group, Inc. (NYSE:DHX) Declines By 34.3%

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 123,300 shares, a decline of 34.3% from the January 31st total of 187,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 167,500 shares, the days-to-cover ratio is presently 0.7 days.

Insider Activity

In related news, Director Kathleen M. Swann sold 10,000 shares of DHI Group stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total value of $29,600.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 18,200 shares of company stock worth $45,530 over the last three months. 15.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DHI Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings in shares of DHI Group by 2.7% during the 4th quarter. Royce & Associates LP now owns 3,450,934 shares of the technology company's stock worth $6,108,000 after acquiring an additional 91,786 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in DHI Group by 9.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,237,947 shares of the technology company's stock worth $5,731,000 after purchasing an additional 280,699 shares during the period. Tieton Capital Management LLC increased its holdings in shares of DHI Group by 24.3% during the 4th quarter. Tieton Capital Management LLC now owns 3,008,584 shares of the technology company's stock worth $5,325,000 after buying an additional 587,376 shares during the last quarter. AWM Investment Company Inc. increased its stake in DHI Group by 17.2% during the fourth quarter. AWM Investment Company Inc. now owns 681,000 shares of the technology company's stock worth $1,205,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in DHI Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company's stock valued at $698,000 after purchasing an additional 8,547 shares during the period. Institutional investors and hedge funds own 69.26% of the company's stock.

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DHI Group Price Performance

DHX stock traded down $0.08 during midday trading on Wednesday, reaching $2.22. The stock had a trading volume of 60,217 shares, compared to its average volume of 206,380. DHI Group has a 52-week low of $1.45 and a 52-week 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 company's fifty day simple moving average is $2.45 and its 200 day simple moving average is $1.99. The company has a market cap of $108.36 million, a price-to-earnings ratio of 221.72 and a beta of 1.11.

DHI Group (NYSE:DHX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share 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, sell-side analysts predict that DHI Group will post 0.11 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and issued a $7.00 target price on shares of DHI Group in a research report on Thursday, February 6th. B. Riley lowered their price objective on DHI Group from $4.00 to $3.50 and set a "buy" rating on the stock in a report on Wednesday, November 13th.

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.