Short Interest in Douglas Elliman Inc. (NYSE:DOUG) Increases By 55.8%
by Amy Steele · The Cerbat GemDouglas Elliman Inc. (NYSE:DOUG – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,397,928 shares, a growth of 55.8% from the March 15th total of 1,538,914 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average trading volume of 1,014,389 shares, the short-interest ratio is currently 2.4 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Douglas Elliman in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Douglas Elliman presently has an average rating of “Sell”.
Check Out Our Latest Research Report on Douglas Elliman
Institutional Investors Weigh In On Douglas Elliman
A number of institutional investors have recently modified their holdings of DOUG. Portolan Capital Management LLC grew its position in Douglas Elliman by 28.5% in the 3rd quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock valued at $6,732,000 after buying an additional 521,959 shares in the last quarter. Clifford Capital Partners LLC raised its position in shares of Douglas Elliman by 48.7% during the 4th quarter. Clifford Capital Partners LLC now owns 156,829 shares of the company’s stock worth $372,000 after buying an additional 51,396 shares in the last quarter. Saber Capital Managment LLC acquired a new stake in shares of Douglas Elliman in the 4th quarter worth approximately $2,982,000. Oppenheimer & Co. Inc. bought a new position in shares of Douglas Elliman in the fourth quarter valued at approximately $241,000. Finally, Pekin Hardy Strauss Inc. increased its stake in shares of Douglas Elliman by 7.9% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 340,500 shares of the company’s stock valued at $807,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 59.56% of the company’s stock.
Douglas Elliman Price Performance
Douglas Elliman stock traded up $0.08 during midday trading on Wednesday, hitting $1.79. 314,935 shares of the company were exchanged, compared to its average volume of 741,440. The company has a market cap of $157.47 million, a PE ratio of 35.70 and a beta of 1.88. Douglas Elliman has a fifty-two week low of $1.51 and a fifty-two week high of $3.20. The company’s fifty day moving average price is $2.06 and its 200-day moving average price is $2.40.
Douglas Elliman (NYSE:DOUG – Get Free Report) last announced its earnings results on Friday, March 13th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.19). The business had revenue of $245.45 million for the quarter, compared to analyst estimates of $275.45 million. Douglas Elliman had a net margin of 1.47% and a negative return on equity of 14.22%.
About Douglas Elliman
Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.
The company’s core business activities include residential brokerage, new development marketing, and property management.