Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Drops By 6.6%

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large decline in short interest in the month of 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. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 48,400 shares, the short-interest ratio is presently 3.6 days.

DLH Stock Performance

Shares of DLHC opened at $8.44 on Tuesday. The company has a 50-day moving average of $8.99 and a two-hundred day moving average of $10.21. The stock has a market cap of $119.68 million, a price-to-earnings ratio of 49.65 and a beta of 1.16. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. DLH has a one year low of $7.94 and a one year high of $17.58.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in DLH by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after purchasing an additional 45,915 shares during the period. Victory Capital Management Inc. purchased a new stake in DLH in the 2nd quarter worth about $1,013,000. Vanguard Group Inc. boosted its position in 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 during the period. Quadrature Capital Ltd purchased a new position in DLH during the 1st quarter valued at about $328,000. Finally, Rhumbline Advisers acquired a new position in shares of DLH in the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).