DHI Group, Inc. (NYSE:DHX) Short Interest Update

Key Points

• DHI Group, Inc. experienced a significant decline in short interest, dropping 54.9% from 83,600 shares in August to 37,700 shares in September, indicating reduced bearish sentiment towards the stock.
• Institutional ownership of DHI Group remains strong, with 69.26% of the stock held by hedge funds and institutional investors, including a notable 258.8% increase in shares owned by Cubist Systematic Strategies LLC.
• Analysts have mixed opinions on the stock, with a consensus rating of "Moderate Buy" and varied target prices; Lake Street Capital downgraded it to a "hold" with a $3.00 target, while Zacks raised it to a "strong-buy" rating.

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 37,700 shares, a decline of 54.9% from the August 31st total of 83,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 134,700 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 134,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On DHI Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its position in shares of DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock valued at $29,000 after buying an additional 15,089 shares during the period. Prudential Financial Inc. bought a new position in DHI Group during the second quarter valued at approximately $33,000. Ritholtz Wealth Management bought a new position in DHI Group in the first quarter worth approximately $37,000. Invesco Ltd. bought a new position in DHI Group in the second quarter worth approximately $45,000. Finally, NewEdge Advisors LLC increased its stake in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company's stock worth $57,000 after purchasing an additional 22,399 shares in the last quarter. 69.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DHI Group in a report on Saturday, September 27th. Lake Street Capital downgraded shares of DHI Group from a "buy" rating to a "hold" rating and set a $3.00 price objective for the company. in a report on Thursday, August 7th. Finally, Zacks Research raised shares of DHI Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $4.50.

DHI Group Trading Down 1.1%

DHI Group stock traded down $0.03 during mid-day trading on Friday, hitting $2.64. The company's stock had a trading volume of 102,934 shares, compared to its average volume of 149,044. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $126.75 million, a price-to-earnings ratio of -12.57 and a beta of 1.53. The business has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.30. DHI Group has a 12 month low of $1.21 and a 12 month high of $3.34.

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.

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