DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Down 6.6% in October

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 176,400 shares, a decline of 6.6% from the October 15th total of 188,900 shares. Based on an average trading volume of 48,400 shares, the short-interest ratio is currently 3.6 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Investors Weigh In On DLH

Several large investors have recently made changes to their positions in DLHC. Minerva Advisors LLC lifted its stake in shares of DLH by 24.2% in the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after purchasing an additional 123,796 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of DLH by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock worth $6,736,000 after acquiring an additional 3,627 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DLH by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after acquiring an additional 45,915 shares in the last quarter. State Street Corp raised its stake in shares of DLH by 3.9% in the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after acquiring an additional 4,165 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in DLH in the 2nd quarter worth approximately $1,013,000. Institutional investors own 67.25% of the company’s stock.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $8.44 on Tuesday. The business has a fifty day simple moving average of $8.99 and a 200 day simple moving average of $10.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.32. DLH has a 1 year low of $7.94 and a 1 year high of $17.58. The firm has a market cap of $119.68 million, a price-to-earnings ratio of 49.65 and a beta of 1.16.

About DLH

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).