DHI Group, Inc. (NYSE:DHX) Sees Large Increase in Short Interest

DHI Group, Inc. (NYSE:DHX) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,130,000 shares, an increase of 6.6% from the March 15th total of 1,060,000 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 209,900 shares, the days-to-cover ratio is presently 5.4 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DHX shares. StockNews.com lowered DHI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of DHI Group in a research report on Thursday, February 8th.

DHI Group Price Performance

Shares of DHX stock opened at $2.30 on Thursday. The stock has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.52. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.35. The firm has a market cap of $110.47 million, a price-to-earnings ratio of 28.75 and a beta of 0.99. DHI Group has a 12 month low of $1.97 and a 12 month high of $4.22.

DHI Group (NYSE:DHX) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $37.29 million during the quarter, compared to analyst estimates of $35.82 million. DHI Group had a return on equity of 3.78% and a net margin of 2.30%. Research analysts expect that DHI Group will post 0.17 EPS for the current year.

Institutional Trading of DHI Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in DHI Group by 5.7% during the third quarter. Price T Rowe Associates Inc. MD now owns 56,897 shares of the technology company’s stock worth $307,000 after buying an additional 3,046 shares during the last quarter. Bank of America Corp DE boosted its holdings in DHI Group by 333.8% during the first quarter. Bank of America Corp DE now owns 4,247 shares of the technology company’s stock worth $25,000 after buying an additional 3,268 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in DHI Group by 14.3% during the fourth quarter. JPMorgan Chase & Co. now owns 26,732 shares of the technology company’s stock worth $142,000 after buying an additional 3,337 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of DHI Group by 8.4% during the 3rd quarter. Royal Bank of Canada now owns 48,040 shares of the technology company’s stock valued at $259,000 after purchasing an additional 3,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of DHI Group by 3.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 118,406 shares of the technology company’s stock valued at $453,000 after purchasing an additional 4,379 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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.