Short Interest in Douglas Elliman Inc. (NYSE:DOUG) Decreases By 47.0%

Douglas Elliman Inc. (NYSE:DOUG) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 860,671 shares, a drop of 47.0% from the December 31st total of 1,624,068 shares. Based on an average daily volume of 476,170 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 476,170 shares, the days-to-cover ratio is presently 1.8 days.

Douglas Elliman Price Performance

NYSE DOUG traded down $0.09 on Friday, hitting $2.70. 472,235 shares of the company were exchanged, compared to its average volume of 514,338. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.55. The company has a market cap of $239.81 million, a P/E ratio of -3.86 and a beta of 1.76. Douglas Elliman has a 1-year low of $1.48 and a 1-year high of $3.20. The firm has a 50 day moving average of $2.58 and a two-hundred day moving average of $2.61.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DOUG. Weiss Ratings restated a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Douglas Elliman from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Douglas Elliman

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOUG. First Eagle Investment Management LLC increased its holdings in Douglas Elliman by 8.3% in the second quarter. First Eagle Investment Management LLC now owns 1,597,367 shares of the company’s stock valued at $3,706,000 after purchasing an additional 123,055 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in Douglas Elliman during the 2nd quarter worth approximately $866,000. Azora Capital LP bought a new stake in Douglas Elliman in the 2nd quarter valued at $1,418,000. Clifford Capital Partners LLC bought a new position in shares of Douglas Elliman during the second quarter worth about $232,000. Finally, Pekin Hardy Strauss Inc. raised its holdings in shares of Douglas Elliman by 34.1% in the second quarter. Pekin Hardy Strauss Inc. now owns 255,500 shares of the company’s stock valued at $593,000 after purchasing an additional 65,000 shares during the last quarter. 59.56% of the stock is owned by institutional investors.

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.