Douglas Elliman Inc. (NYSE:DOUG) Short Interest Update

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,538,914 shares, a decrease of 13.9% from the February 26th total of 1,787,540 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average trading volume of 994,129 shares, the short-interest ratio is currently 1.5 days.

Douglas Elliman Stock Performance

Shares of NYSE:DOUG traded down $0.04 during midday trading on Wednesday, hitting $1.61. 56,912 shares of the stock were exchanged, compared to its average volume of 772,275. Douglas Elliman has a 52-week low of $1.48 and a 52-week high of $3.20. The business’s fifty day simple moving average is $2.27 and its two-hundred day simple moving average is $2.49. The company has a market capitalization of $141.59 million, a PE ratio of 32.10 and a beta of 1.78.

Douglas Elliman (NYSE:DOUG) last issued its earnings results on Friday, March 13th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.19). Douglas Elliman had a net margin of 1.47% and a negative return on equity of 14.22%. The firm had revenue of $245.45 million during the quarter, compared to analysts’ expectations of $275.45 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Douglas Elliman presently has an average rating of “Sell”.

Hedge Funds Weigh In On Douglas Elliman

Hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in Douglas Elliman in the second quarter valued at approximately $29,000. SG Americas Securities LLC bought a new stake in Douglas Elliman in the fourth quarter worth approximately $34,000. Virtu Financial LLC acquired a new position in shares of Douglas Elliman during the 4th quarter worth $36,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Douglas Elliman during the 2nd quarter valued at $39,000. Finally, EntryPoint Capital LLC bought a new position in shares of Douglas Elliman during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 59.56% of the company’s stock.

About Douglas Elliman

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.