DLH Holdings Corp. (NASDAQ:DLHC) Sees Large Growth in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 215,700 shares, an increase of 7.2% from the August 31st total of 201,200 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in DLH by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after buying an additional 47,866 shares in the last quarter. Victory Capital Management Inc. bought a new position in DLH during the second quarter valued at about $1,013,000. Vanguard Group Inc. boosted its stake in DLH by 0.7% during the first quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock valued at $6,736,000 after buying an additional 3,627 shares in the last quarter. Quadrature Capital Ltd bought a new position in DLH during the first quarter valued at about $328,000. Finally, Rhumbline Advisers bought a new position in DLH during the second quarter valued at about $90,000. Institutional investors own 67.25% of the company’s stock.

DLH Trading Down 2.4 %

NASDAQ:DLHC opened at $9.14 on Wednesday. DLH has a 1 year low of $9.11 and a 1 year high of $17.58. The stock has a market cap of $130.09 million, a price-to-earnings ratio of 43.52 and a beta of 1.15. The business has a fifty day moving average of $10.34 and a 200-day moving average of $11.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). DLH had a return on equity of 7.03% and a net margin of 0.62%. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $103.00 million. During the same period in the previous year, the company posted $0.12 EPS. Equities analysts predict that DLH will post 0.46 earnings per share for the current year.

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).