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

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 699,000 shares, a growth of 25.2% from the February 28th total of 558,400 shares. Based on an average daily trading volume, of 743,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Douglas Elliman in the fourth quarter valued at $25,000. Boothbay Fund Management LLC acquired a new stake in Douglas Elliman during the fourth quarter worth about $27,000. Alpine Global Management LLC acquired a new position in Douglas Elliman in the fourth quarter valued at approximately $28,000. US Bancorp DE grew its holdings in shares of Douglas Elliman by 36,851.9% during the 4th quarter. US Bancorp DE now owns 19,954 shares of the company’s stock worth $33,000 after purchasing an additional 19,900 shares during the period. Finally, Atria Investments Inc increased its position in shares of Douglas Elliman by 39.6% during the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company’s stock valued at $48,000 after acquiring an additional 8,095 shares during the last quarter. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Elliman Stock Performance

NYSE DOUG opened at $1.70 on Thursday. Douglas Elliman has a fifty-two week low of $1.00 and a fifty-two week high of $2.98. The business’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.87. The company has a market cap of $150.41 million, a P/E ratio of -1.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62.

Douglas Elliman (NYSE:DOUG) last posted its earnings results on Tuesday, March 11th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.11. The business had revenue of $243.32 million for the quarter. Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%.

About Douglas Elliman

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.