Douglas Elliman Inc. (NYSE:DOUG) Short Interest Down 10.6% in August

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,600,000 shares, a decline of 10.6% from the August 15th total of 1,790,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.2% of the company’s stock are sold short.

Insider Buying and Selling at Douglas Elliman

In other Douglas Elliman news, COO Richard Lampen acquired 125,000 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were acquired at an average price of $1.08 per share, with a total value of $135,000.00. Following the completion of the transaction, the chief operating officer now directly owns 2,167,804 shares in the company, valued at approximately $2,341,228.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Douglas Elliman news, Director Michael Liebowitz acquired 197,398 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of $1.18 per share, with a total value of $232,929.64. Following the completion of the transaction, the director now directly owns 396,968 shares in the company, valued at approximately $468,422.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Richard Lampen acquired 125,000 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was acquired at an average cost of $1.08 per share, for a total transaction of $135,000.00. Following the transaction, the chief operating officer now owns 2,167,804 shares of the company’s stock, valued at $2,341,228.32. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 428,644 shares of company stock valued at $486,786. 10.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Douglas Elliman

A number of institutional investors have recently added to or reduced their stakes in the company. Clearline Capital LP increased its holdings in shares of Douglas Elliman by 328.0% in the second quarter. Clearline Capital LP now owns 4,346,104 shares of the company’s stock valued at $5,041,000 after purchasing an additional 3,330,701 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Douglas Elliman by 116.9% in the first quarter. GSA Capital Partners LLP now owns 786,570 shares of the company’s stock valued at $1,243,000 after purchasing an additional 423,875 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Douglas Elliman by 5.8% in the first quarter. Vanguard Group Inc. now owns 3,789,014 shares of the company’s stock valued at $5,987,000 after purchasing an additional 209,393 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Douglas Elliman by 125.1% in the second quarter. XTX Topco Ltd now owns 354,121 shares of the company’s stock valued at $411,000 after purchasing an additional 196,801 shares during the last quarter. Finally, Clifford Capital Partners LLC increased its holdings in shares of Douglas Elliman by 55.0% in the first quarter. Clifford Capital Partners LLC now owns 291,881 shares of the company’s stock valued at $461,000 after purchasing an additional 103,605 shares during the last quarter. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Douglas Elliman Stock Performance

DOUG traded up $0.05 during trading on Wednesday, reaching $1.91. 963,310 shares of the stock were exchanged, compared to its average volume of 980,311. The stock has a market cap of $174.61 million, a P/E ratio of -2.51 and a beta of 1.37. Douglas Elliman has a twelve month low of $1.00 and a twelve month high of $3.16. The stock’s 50 day moving average price is $1.76 and its two-hundred day moving average price is $1.49.

Douglas Elliman (NYSE:DOUG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $285.75 million for the quarter, compared to the consensus estimate of $282.43 million. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. Equities research analysts predict that Douglas Elliman will post -0.55 earnings per share for the current fiscal year.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.