DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Update

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 217,400 shares, a growth of 30.4% from the December 15th total of 166,700 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 50,300 shares, the days-to-cover ratio is currently 4.3 days.

DLH Stock Down 0.3 %

Shares of DLH stock traded down $0.02 during midday trading on Friday, reaching $7.92. 18,413 shares of the company’s stock traded hands, compared to its average volume of 41,799. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $113.97 million, a price-to-earnings ratio of 15.53 and a beta of 1.18. DLH has a 52 week low of $7.34 and a 52 week high of $17.58. The company’s 50 day simple moving average is $8.06 and its 200 day simple moving average is $9.30.

Insider Buying and Selling at DLH

In other DLH news, CFO Kathryn M. Johnbull acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $7.76 per share, with a total value of $77,600.00. Following the acquisition, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at $4,102,611.12. This represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DLH

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in DLH during the second quarter worth $90,000. Barclays PLC boosted its position in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets increased its stake in DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 12,906 shares during the period. Squarepoint Ops LLC acquired a new position in DLH in the second quarter worth about $367,000. Finally, Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 22,928 shares during the period. 67.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded DLH from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

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).