DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Up 21.1% in February

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 276,000 shares, an increase of 21.1% from the February 13th total of 227,900 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 48,200 shares, the short-interest ratio is currently 5.7 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wealthedge Investment Advisors LLC acquired a new position in shares of DLH in the fourth quarter worth about $114,000. Mink Brook Asset Management LLC acquired a new position in shares of DLH in the fourth quarter worth about $10,991,000. Millennium Management LLC raised its position in shares of DLH by 313.4% in the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock worth $560,000 after acquiring an additional 52,864 shares during the period. Bank of America Corp DE raised its position in shares of DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,855 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of DLH by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock worth $2,159,000 after acquiring an additional 10,921 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered DLH from a “buy” rating to a “hold” rating in a research report on Friday, February 7th.

DLH Stock Performance

DLH stock traded up $0.05 during mid-day trading on Wednesday, hitting $4.75. The company had a trading volume of 12,836 shares, compared to its average volume of 48,453. The company has a market capitalization of $68.33 million, a price-to-earnings ratio of 10.80 and a beta of 1.40. DLH has a 12-month low of $4.50 and a 12-month high of $14.60. The company’s fifty day moving average is $6.34 and its 200-day moving average is $7.88. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. DLH had a net margin of 1.64% and a return on equity of 5.82%. Equities research analysts predict that DLH will post -0.13 EPS for the current year.

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).