Short Interest in DHI Group, Inc. (NYSE:DHX) Drops By 5.0%

DHI Group, Inc. (NYSE:DHX) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 172,000 shares, a decline of 5.0% from the October 15th total of 181,100 shares. Based on an average daily trading volume, of 140,900 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have issued reports on DHX. StockNews.com lowered DHI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Barrington Research reaffirmed an “outperform” rating and set a $7.00 target price on shares of DHI Group in a research note on Monday, November 11th. Finally, B. Riley dropped 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 Price Performance

NYSE DHX opened at $1.66 on Tuesday. DHI Group has a 1 year low of $1.45 and a 1 year high of $2.98. The business’s fifty day moving average is $1.73 and its two-hundred day moving average is $1.97. The stock has a market capitalization of $80.23 million, a P/E ratio of 41.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.45 and a current ratio of 0.42.

Institutional Investors Weigh In On DHI Group

Several hedge funds have recently modified their holdings of DHX. Point72 DIFC Ltd purchased a new stake in shares of DHI Group in the 2nd quarter valued at approximately $30,000. Virtu Financial LLC acquired a new stake in DHI Group during the 1st quarter valued at $39,000. Cubist Systematic Strategies LLC purchased a new stake in shares of DHI Group in the second quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of DHI Group in the first quarter worth $45,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of DHI Group in the second quarter worth $41,000. 69.26% of the stock is owned by hedge funds and other institutional investors.

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.