Equity Commonwealth (NYSE:EQC) Short Interest Down 32.9% in December

Equity Commonwealth (NYSE:EQC) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 4,030,000 shares, a decline of 32.9% from the December 15th total of 6,010,000 shares. Based on an average daily trading volume, of 3,240,000 shares, the short-interest ratio is currently 1.2 days. Currently, 4.0% of the shares of the company are sold short.

Equity Commonwealth Trading Up 0.6 %

NYSE:EQC traded up $0.01 during mid-day trading on Wednesday, hitting $1.73. The stock had a trading volume of 244,134 shares, compared to its average volume of 1,073,667. The stock has a market capitalization of $185.69 million, a price-to-earnings ratio of 4.44 and a beta of 0.48. The company has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $16.48. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $21.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Institutional Trading of Equity Commonwealth

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Equity Commonwealth by 25.6% during the 3rd quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 632 shares in the last quarter. CWM LLC raised its position in shares of Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 701 shares in the last quarter. Ullmann Wealth Partners Group LLC bought a new stake in shares of Equity Commonwealth in the 4th quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Equity Commonwealth by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Equity Commonwealth by 459.8% in the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,738 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors.

About Equity Commonwealth

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.