Short Interest in DHI Group, Inc. (NYSE:DHX) Rises By 249.1%

Key Points

• Short interest in DHI Group surged 249.1% to 380,632 shares as of Feb. 27, equal to about 1.0% of the stock and a days-to-cover ratio of 0.8.
• The board authorized a $10.00 million share buyback (up to 12.6% of shares); the stock trades around $2.48 with a market cap near $111.5 million.
• Analysts are mixed, but the consensus rating is a Moderate Buy with a consensus target price of $6.25.

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 380,632 shares, an increase of 249.1% from the February 12th total of 109,028 shares. Currently, 1.0% of the company's stock are short sold. Based on an average daily volume of 454,531 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 454,531 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.0% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

DHX has been the topic of several recent analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of DHI Group in a research note on Wednesday, January 21st. Barrington Research reissued an "outperform" rating and set a $10.00 price target on shares of DHI Group in a report on Tuesday, March 3rd. Lake Street Capital restated a "hold" rating and issued a $2.50 price target (down from $3.00) on shares of DHI Group in a research note on Tuesday, November 11th. Finally, Zacks Research upgraded DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, DHI Group presently has an average rating of "Moderate Buy" and a consensus target price of $6.25.

Hedge Funds Weigh In On DHI Group

A number of hedge funds have recently made changes to their positions in DHX. Cubist Systematic Strategies LLC grew its stake in 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 acquiring an additional 15,089 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of DHI Group in the 2nd quarter worth approximately $33,000. Invesco Ltd. bought a new stake in DHI Group in the second quarter worth $45,000. Jacobs Levy Equity Management Inc. bought a new position in DHI Group during the third quarter valued at $49,000. Finally, NewEdge Advisors LLC raised 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 acquiring an additional 22,399 shares during the period. Institutional investors own 69.26% of the company's stock.

DHI Group Stock Performance

DHI Group stock traded up $0.04 during midday trading on Wednesday, hitting $2.48. The stock had a trading volume of 135,532 shares, compared to its average volume of 694,651. DHI Group has a 52-week low of $1.21 and a 52-week high of $3.34. The company has a market capitalization of $111.53 million, a PE ratio of -8.27 and a beta of 1.37. The firm's fifty day moving average is $2.09 and its two-hundred day moving average is $2.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32.

DHI Group announced that its Board of Directors has initiated a share buyback program on Wednesday, February 4th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to buy up to 12.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

About DHI Group

DHI Group, Inc NYSE: DHX is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company's primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.

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