DLH Holdings Corp. (NASDAQ:DLHC) Sees Significant Drop in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 176,400 shares, a decrease of 6.6% from the October 15th total of 188,900 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is presently 3.6 days. Currently, 1.5% of the shares of the stock are short sold.

DLH Price Performance

DLHC stock opened at $8.25 on Monday. DLH has a 1 year low of $7.94 and a 1 year high of $17.58. The firm has a market capitalization of $117.01 million, a PE ratio of 48.53 and a beta of 1.16. The business has a 50 day simple moving average of $9.03 and a 200-day simple moving average of $10.23. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in DLH by 299.3% in the third 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 during the last quarter. State Street Corp raised its stake in shares of DLH by 3.9% in the third 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. BNP Paribas Financial Markets raised its stake in shares of 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 in the last quarter. Minerva Advisors LLC lifted its holdings in DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after buying an additional 123,796 shares during the last quarter. Finally, Albert D Mason Inc. lifted its stake in DLH by 1.5% during the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after purchasing an additional 1,403 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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).