Douglas Elliman Inc. (NYSE:DOUG) Sees Significant Growth in Short Interest

Douglas Elliman Inc. (NYSE:DOUG) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,933,361 shares, an increase of 24.0% from the November 30th total of 1,559,026 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 276,470 shares, the short-interest ratio is currently 7.0 days. Based on an average daily trading volume, of 276,470 shares, the short-interest ratio is currently 7.0 days. Currently, 2.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Douglas Elliman

A number of institutional investors have recently added to or reduced their stakes in DOUG. Geode Capital Management LLC raised its holdings in Douglas Elliman by 115.4% in the second quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock worth $3,963,000 after purchasing an additional 915,018 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Douglas Elliman by 36.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after buying an additional 662,603 shares during the last quarter. Azora Capital LP bought a new position in shares of Douglas Elliman during the 2nd quarter worth approximately $1,418,000. Portolan Capital Management LLC raised its stake in shares of Douglas Elliman by 28.5% during the 3rd quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock worth $6,732,000 after acquiring an additional 521,959 shares in the last quarter. Finally, Gate City Capital Management LLC purchased a new stake in Douglas Elliman during the second quarter valued at approximately $866,000. Institutional investors own 59.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOUG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, October 8th. Wall Street Zen upgraded Douglas Elliman from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Douglas Elliman Trading Up 2.6%

NYSE:DOUG opened at $2.37 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.30 and a current ratio of 3.30. The firm has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.59. Douglas Elliman has a one year low of $1.48 and a one year high of $3.20. The firm has a market cap of $210.50 million, a P/E ratio of -3.39 and a beta of 1.76.

Douglas Elliman (NYSE:DOUG) last issued its quarterly earnings data on Tuesday, May 31st. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $272.78 million for the quarter. Douglas Elliman had a negative net margin of 5.76% and a negative return on equity of 3.19%.

Douglas Elliman Company Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.