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

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 1,787,540 shares, an increase of 22.8% from the February 12th total of 1,456,058 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 975,716 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 975,716 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.2% of the company’s stock are short sold.

Douglas Elliman Trading Down 26.9%

Douglas Elliman stock opened at $1.70 on Monday. 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 cap of $150.55 million, a PE ratio of 33.90 and a beta of 1.78. The stock has a 50-day moving average of $2.49 and a two-hundred day moving average of $2.58. Douglas Elliman has a one year low of $1.48 and a one year high of $3.20.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings data on Friday, March 13th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.19). The company 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 15.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DOUG. Virtu Financial LLC acquired a new stake in shares of Douglas Elliman during the fourth quarter worth $36,000. Millennium Management LLC purchased a new position in Douglas Elliman in the 4th quarter worth $143,000. Clifford Capital Partners LLC raised its stake in Douglas Elliman by 48.7% in the 4th quarter. Clifford Capital Partners LLC now owns 156,829 shares of the company’s stock worth $372,000 after acquiring an additional 51,396 shares during the last quarter. AQR Capital Management LLC lifted its position in Douglas Elliman by 160.3% during the 4th quarter. AQR Capital Management LLC now owns 45,780 shares of the company’s stock worth $108,000 after acquiring an additional 28,194 shares during the period. Finally, Abel Hall LLC acquired a new stake in Douglas Elliman during the 4th quarter worth about $75,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Douglas Elliman Company Profile

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.