Douglas Elliman Inc. (NYSE:DOUG) Sees Large Decrease in Short Interest

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,300,000 shares, a drop of 6.5% from the September 30th total of 1,390,000 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 849,000 shares, the short-interest ratio is presently 1.5 days.

Douglas Elliman Stock Performance

NYSE DOUG opened at $2.02 on Friday. Douglas Elliman has a 52 week low of $1.00 and a 52 week high of $3.16. The stock has a market capitalization of $185.50 million, a P/E ratio of -2.66 and a beta of 1.37. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $1.52.

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

Institutional Investors Weigh In On Douglas Elliman

Several institutional investors have recently modified their holdings of DOUG. Mesirow Financial Investment Management Inc. acquired a new position in Douglas Elliman in the third quarter valued at approximately $34,000. Atria Investments Inc raised its position in shares of Douglas Elliman by 62.5% during the 3rd quarter. Atria Investments Inc now owns 20,434 shares of the company’s stock valued at $37,000 after acquiring an additional 7,862 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of Douglas Elliman in the 3rd quarter valued at $101,000. Venture Visionary Partners LLC acquired a new position in shares of Douglas Elliman in the 3rd quarter valued at $62,000. Finally, Clifford Capital Partners LLC boosted its position in shares of Douglas Elliman by 19.8% in the 2nd quarter. Clifford Capital Partners LLC now owns 349,651 shares of the company’s stock worth $406,000 after purchasing an additional 57,770 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

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.