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

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 176,400 shares, a drop of 6.6% from the October 15th total of 188,900 shares. Based on an average trading volume of 48,400 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.5% of the shares of the stock are sold short.

DLH Price Performance

DLH stock traded up $0.19 during midday trading on Monday, reaching $8.44. 50,300 shares of the stock were exchanged, compared to its average volume of 49,110. The company's fifty day moving average is $9.03 and its 200-day moving average is $10.23. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. DLH has a 52 week low of $7.94 and a 52 week high of $17.58. The firm has a market cap of $119.70 million, a PE ratio of 48.53 and a beta of 1.16.

Hedge Funds Weigh In On DLH

A number of institutional investors have recently added to or reduced their stakes in DLHC. Minerva Advisors LLC grew its holdings 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 purchasing an additional 123,796 shares in the last quarter. Victory Capital Management Inc. purchased a new position in DLH in the 2nd quarter worth approximately $1,013,000. Dimensional Fund Advisors LP lifted its holdings in shares of DLH by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider's stock worth $2,469,000 after acquiring an additional 45,915 shares during the last quarter. Squarepoint Ops LLC bought a new position in DLH in the second quarter valued at $367,000. Finally, Quadrature Capital Ltd purchased a new stake in DLH during the first quarter valued at about $328,000. 67.25% of the stock is currently owned by institutional investors.

DLH Company Profile

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).