Douglas Elliman Inc. (NYSE:DOUG) Short Interest Update

Douglas Elliman Inc. (NYSE:DOUG) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 860,671 shares, a decrease of 47.0% from the December 31st total of 1,624,068 shares. Based on an average trading volume of 476,170 shares, the short-interest ratio is presently 1.8 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 476,170 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Douglas Elliman

A number of hedge funds and other institutional investors have recently bought and sold shares of DOUG. Geode Capital Management LLC boosted its position in Douglas Elliman by 115.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock valued at $3,963,000 after buying an additional 915,018 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Douglas Elliman by 36.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after acquiring an additional 662,603 shares during the period. Azora Capital LP bought a new stake in shares of Douglas Elliman during the second quarter valued at approximately $1,418,000. Portolan Capital Management LLC boosted its holdings in shares of Douglas Elliman by 28.5% in the third quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock valued at $6,732,000 after purchasing an additional 521,959 shares during the period. Finally, Gate City Capital Management LLC bought a new position in Douglas Elliman in the second quarter worth approximately $866,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, January 21st. Wall Street Zen upgraded Douglas Elliman from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Douglas Elliman has an average rating of “Sell”.

Douglas Elliman Stock Performance

Shares of Douglas Elliman stock traded down $0.09 on Friday, hitting $2.70. 472,235 shares of the company’s stock were exchanged, compared to its average volume of 514,338. Douglas Elliman has a 1 year low of $1.48 and a 1 year high of $3.20. The company has a 50-day simple moving average of $2.58 and a 200-day simple moving average of $2.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a market capitalization of $239.81 million, a PE ratio of -3.86 and a beta of 1.76.

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.