DHI Group, Inc. (NYSE:DHX) Sees Significant Decline in Short Interest

DHI Group, Inc. (NYSE:DHX) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 130,400 shares, a decline of 5.9% from the December 15th total of 138,600 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 131,800 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $7.00 target price on shares of DHI Group in a research report on Thursday, November 21st. B. Riley lowered their price target 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.

DHI Group Stock Performance

Shares of NYSE DHX opened at $2.26 on Friday. The stock has a market cap of $108.98 million, a price-to-earnings ratio of 56.39 and a beta of 1.07. The stock’s 50-day moving average is $1.86 and its 200 day moving average is $1.86. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29. DHI Group has a 1-year low of $1.45 and a 1-year high of $2.98.

Institutional Investors Weigh In On DHI Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP grew its holdings in DHI Group by 5.5% in the 3rd quarter. Royce & Associates LP now owns 3,359,148 shares of the technology company’s stock worth $6,181,000 after acquiring an additional 174,010 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of DHI Group by 50.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 2,495,095 shares of the technology company’s stock worth $5,215,000 after purchasing an additional 841,350 shares during the last quarter. Nantahala Capital Management LLC grew its stake in shares of DHI Group by 5.1% in the second quarter. Nantahala Capital Management LLC now owns 2,066,417 shares of the technology company’s stock worth $4,319,000 after purchasing an additional 100,000 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in DHI Group by 72.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 668,928 shares of the technology company’s stock valued at $1,398,000 after purchasing an additional 280,479 shares during the period. Finally, Geode Capital Management LLC raised its position in DHI Group by 2.3% during the 3rd 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 last quarter. Institutional investors own 69.26% of the company’s stock.

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.