Short Interest in DHI Group, Inc. (NYSE:DHX) Expands By 30.2%

Key Points

• Short interest in DHI Group, Inc. (NYSE:DHX) rose by 30.2% in August, with a total of 83,600 shares sold short as of August 31st.
• Institutional investors hold 69.26% of DHI Group's stock, with several firms increasing their stakes significantly, including Goldman Sachs which raised its holdings by 37.6%.
• DHI Group's stock saw a 2.7% decline in trading, with a current market price of $2.88 and an average target price of $4.50 from analysts.

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 83,600 shares, an increase of 30.2% from the August 15th total of 64,200 shares. Approximately 0.2% of the company's stock are sold short. Based on an average trading volume of 125,500 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 125,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company's stock are sold short.

DHI Group Stock Performance

Shares of NYSE:DHX traded down $0.09 during trading on Friday, reaching $2.87. 170,416 shares of the stock were exchanged, compared to its average volume of 219,023. DHI Group has a 12 month low of $1.21 and a 12 month high of $3.34. The firm has a market cap of $137.79 million, a PE ratio of -13.67 and a beta of 1.54. The stock has a 50-day moving average price of $2.71 and a 200-day moving average price of $2.24. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On DHI Group

A number of institutional investors have recently made changes to their positions in DHX. Cubist Systematic Strategies LLC boosted its holdings 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 worth $29,000 after acquiring an additional 15,089 shares during the period. Prudential Financial Inc. bought a new stake in shares of DHI Group during the second quarter worth approximately $33,000. Ritholtz Wealth Management bought a new stake in shares of DHI Group in the first quarter valued at approximately $37,000. Invesco Ltd. bought a new stake in shares of DHI Group in the second quarter valued at approximately $45,000. Finally, NewEdge Advisors LLC boosted 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 valued at $57,000 after buying an additional 22,399 shares during the period. Institutional investors own 69.26% of the company's stock.

Analysts Set New Price Targets

DHX has been the topic of a number of recent research reports. Lake Street Capital downgraded DHI Group from a "buy" rating to a "hold" rating and set a $3.00 target price on the stock. in a research report on Thursday, August 7th. Zacks Research raised DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $4.50.

About DHI Group

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.