Douglas Elliman Inc. (NYSE:DOUG) Sees Large Increase in Short Interest

by · The Markets Daily

Douglas Elliman Inc. (NYSE:DOUG – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,933,361 shares, an increase of 24.0% from the November 30th total of 1,559,026 shares. Based on an average trading volume of 276,470 shares, the short-interest ratio is presently 7.0 days. Approximately 2.3% of the shares of the company are sold short. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 276,470 shares, the short-interest ratio is presently 7.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen raised Douglas Elliman from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

View Our Latest Report on DOUG

Douglas Elliman Stock Performance

Shares of NYSE:DOUG traded up $0.07 on Wednesday, reaching $2.38. The company’s stock had a trading volume of 420,717 shares, compared to its average volume of 632,233. Douglas Elliman has a 52-week low of $1.48 and a 52-week high of $3.20. The stock has a market capitalization of $210.95 million, a P/E ratio of -3.39 and a beta of 1.75. The stock’s 50-day moving average is $2.54 and its two-hundred day moving average is $2.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.30 and a quick ratio of 3.30.

Douglas Elliman (NYSE:DOUG – Get Free Report) last released its quarterly earnings results on Tuesday, May 31st. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $272.78 million for the quarter. Douglas Elliman had a negative return on equity of 3.19% and a negative net margin of 5.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Douglas Elliman by 34.1% during the first quarter. American Century Companies Inc. now owns 75,905 shares of the company’s stock worth $131,000 after purchasing an additional 19,300 shares during the period. OMERS ADMINISTRATION Corp raised its position in Douglas Elliman by 14.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 187,700 shares of the company’s stock worth $323,000 after buying an additional 23,900 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Douglas Elliman by 31.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 474,407 shares of the company’s stock worth $816,000 after acquiring an additional 112,511 shares during the period. Jane Street Group LLC boosted its holdings in shares of Douglas Elliman by 26.5% in the first quarter. Jane Street Group LLC now owns 529,833 shares of the company’s stock valued at $911,000 after acquiring an additional 110,905 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Douglas Elliman during the second quarter worth about $98,000. Institutional investors and hedge funds own 59.56% of the company’s stock.

About Douglas Elliman

(Get Free Report)

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.

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