DLH Holdings Corp. (NASDAQ:DLHC) Sees Large Growth in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 215,700 shares, a growth of 7.2% from the August 31st total of 201,200 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.8% of the shares of the stock are short sold.

Institutional Trading of DLH

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers acquired a new position in DLH during the second quarter worth about $90,000. Hillsdale Investment Management Inc. acquired a new position in shares of DLH during the 1st quarter worth approximately $169,000. Quadrature Capital Ltd purchased a new stake in shares of DLH in the first quarter valued at approximately $328,000. Squarepoint Ops LLC acquired a new stake in shares of DLH in the second quarter valued at approximately $367,000. Finally, Bank of New York Mellon Corp lifted its position in DLH by 160.2% during the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after buying an additional 22,928 shares in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Price Performance

DLH stock opened at $9.47 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average price is $10.42 and its 200 day moving average price is $11.17. The stock has a market capitalization of $134.79 million, a P/E ratio of 45.10 and a beta of 1.15. DLH has a 1 year low of $9.43 and a 1 year high of $17.58.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). DLH had a return on equity of 7.03% and a net margin of 0.62%. The company had revenue of $100.69 million for the quarter, compared to analyst estimates of $103.00 million. During the same quarter last year, the company earned $0.12 EPS. As a group, equities research analysts anticipate that DLH will post 0.46 earnings per share for the current fiscal 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).