Short Interest in Douglas Elliman Inc. (NYSE:DOUG) Decreases By 6.5%

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. Based on an average trading volume of 849,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.8% of the shares of the stock are sold short.

Institutional Trading of Douglas Elliman

A number of large investors have recently modified their holdings of DOUG. Point72 DIFC Ltd boosted its position in shares of Douglas Elliman by 2,757.2% during the 2nd quarter. Point72 DIFC Ltd now owns 26,343 shares of the company’s stock valued at $31,000 after acquiring an additional 25,421 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Douglas Elliman during the first quarter valued at approximately $48,000. Venture Visionary Partners LLC purchased a new position in shares of Douglas Elliman during the third quarter worth approximately $62,000. Quadrature Capital Ltd bought a new stake in shares of Douglas Elliman in the 1st quarter worth approximately $90,000. Finally, Stanley Laman Group Ltd. purchased a new stake in shares of Douglas Elliman in the 3rd quarter valued at $101,000. Institutional investors own 59.56% of the company’s stock.

Douglas Elliman Trading Up 3.4 %

Shares of DOUG opened at $2.10 on Thursday. The company has a market cap of $192.85 million, a PE ratio of -2.76 and a beta of 1.37. The stock has a 50-day moving average price of $1.77 and a 200-day moving average price of $1.51. Douglas Elliman has a 12-month low of $1.00 and a 12-month high of $3.16.

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

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.