DHX Media Ltd. (NASDAQ:DHXM) Short Interest Down 15.6% in October

DHX Media Ltd. (NASDAQ:DHXM) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,790,000 shares, a decrease of 15.6% from the September 30th total of 2,120,000 shares. Based on an average trading volume of 90,500 shares, the short-interest ratio is currently 19.8 days. Approximately 1.1% of the shares of the stock are sold short.

Several institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in shares of DHX Media by 2.5% in the 2nd quarter. Lido Advisors LLC now owns 411,297 shares of the company’s stock worth $600,000 after purchasing an additional 10,000 shares during the period. Insight 2811 Inc. purchased a new position in shares of DHX Media in the 2nd quarter worth about $27,000. Citadel Advisors LLC purchased a new position in shares of DHX Media in the 2nd quarter worth about $31,000. D. E. Shaw & Co. Inc. raised its holdings in shares of DHX Media by 8.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 307,100 shares of the company’s stock worth $436,000 after purchasing an additional 23,300 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in shares of DHX Media in the 2nd quarter worth about $73,000. Institutional investors own 39.70% of the company’s stock.

DHXM stock traded up $0.02 on Friday, reaching $1.29. 221,900 shares of the company’s stock were exchanged, compared to its average volume of 65,049. The stock has a fifty day moving average of $1.49 and a 200-day moving average of $1.41. DHX Media has a twelve month low of $1.08 and a twelve month high of $2.78. The firm has a market cap of $174.07 million, a PE ratio of 64.50 and a beta of 0.97. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.13.

DHX Media (NASDAQ:DHXM) last released its earnings results on Wednesday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The firm had revenue of $85.03 million for the quarter, compared to the consensus estimate of $77.78 million. DHX Media had a negative return on equity of 2.09% and a negative net margin of 27.27%. On average, equities research analysts predict that DHX Media will post -0.12 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. CIBC set a $2.00 price objective on DHX Media and gave the stock a “sell” rating in a report on Tuesday, September 24th. BMO Capital Markets set a $2.30 price objective on DHX Media and gave the stock a “buy” rating in a report on Tuesday, September 24th. Echelon Wealth Partners set a $3.00 price objective on DHX Media and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Zacks Investment Research lowered DHX Media from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $2.20.

DHX Media Company Profile

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.

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