DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Update

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 217,400 shares, an increase of 30.4% from the December 15th total of 166,700 shares. Based on an average daily volume of 50,300 shares, the short-interest ratio is presently 4.3 days. Currently, 1.8% of the shares of the stock are sold short.

DLH Price Performance

Shares of NASDAQ DLHC traded down $0.02 during trading on Friday, hitting $7.92. The company had a trading volume of 18,413 shares, compared to its average volume of 41,799. DLH has a 52 week low of $7.34 and a 52 week high of $17.58. The business's 50-day moving average is $8.06 and its 200 day moving average is $9.29. The company has a market cap of $113.97 million, a P/E ratio of 15.53 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of DLH from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.

Insider Buying and Selling

In other news, CFO Kathryn M. Johnbull bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $7.76 per share, with a total value of $77,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. The trade was a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DLH

A number of institutional investors have recently bought and sold shares of DLHC. Rhumbline Advisers purchased a new position in DLH during the 2nd quarter worth approximately $90,000. Barclays PLC grew its holdings in shares of DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock valued at $109,000 after buying an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets raised its position in DLH by 654.8% during the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider's stock valued at $139,000 after buying an additional 12,906 shares during the period. Squarepoint Ops LLC purchased a new stake in DLH in the 2nd quarter worth about $367,000. Finally, Bank of New York Mellon Corp boosted its position in DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider's stock worth $393,000 after acquiring an additional 22,928 shares during the period. Hedge funds and other institutional investors own 67.25% of the company's stock.

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).