Short Interest in Douglas Elliman Inc. (NYSE:DOUG) Rises By 25.2%

Douglas Elliman Inc. (NYSE:DOUG) was the target of a large growth in short interest during the month of 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 company’s stock are short sold.

Institutional Investors Weigh In On Douglas Elliman

Several institutional investors have recently bought and sold shares of the stock. Portolan Capital Management LLC bought a new stake in Douglas Elliman in the third quarter valued at $5,327,000. Truffle Hound Capital LLC purchased a new stake in Douglas Elliman during the 4th quarter valued at $3,340,000. First Eagle Investment Management LLC increased its holdings in Douglas Elliman by 436.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,126,312 shares of the company’s stock worth $1,881,000 after buying an additional 916,210 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Douglas Elliman by 144.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 979,425 shares of the company’s stock worth $1,636,000 after purchasing an additional 578,044 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Douglas Elliman by 11.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company’s stock valued at $7,284,000 after purchasing an additional 461,093 shares during the last quarter. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Elliman Price Performance

Shares of NYSE:DOUG opened at $1.70 on Thursday. The company’s 50-day moving average is $1.85 and its 200 day moving average is $1.87. 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 has a fifty-two week low of $1.00 and a fifty-two week high of $2.98. The company has a market capitalization of $150.41 million, a P/E ratio of -1.65 and a beta of 1.56.

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

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.