Short Interest in Equity Commonwealth (NYSE:EQC) Grows By 5.6%

Equity Commonwealth (NYSE:EQC) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 1,510,000 shares, a growth of 5.6% from the May 31st total of 1,430,000 shares. Based on an average trading volume of 834,400 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in Equity Commonwealth during the fourth quarter worth $34,000. Van ECK Associates Corp boosted its stake in shares of Equity Commonwealth by 48.5% during the fourth quarter. Van ECK Associates Corp now owns 3,085 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,008 shares during the last quarter. Signaturefd LLC increased its position in Equity Commonwealth by 82.6% during the 4th quarter. Signaturefd LLC now owns 4,909 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 2,221 shares in the last quarter. Covestor Ltd increased its position in Equity Commonwealth by 21.4% during the 1st quarter. Covestor Ltd now owns 7,083 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in Equity Commonwealth in the 4th quarter valued at about $195,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Equity Commonwealth Trading Up 0.6 %

Shares of EQC opened at $19.35 on Thursday. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $20.75. The stock has a market cap of $2.08 billion, a P/E ratio of 24.49 and a beta of 0.28. The company has a 50-day moving average of $19.22 and a two-hundred day moving average of $19.04.

Equity Commonwealth Company Profile

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.