Short Interest in Equity Commonwealth (NYSE:EQC) Grows By 6.0%

Equity Commonwealth (NYSE:EQC) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,770,000 shares, a growth of 6.0% from the September 30th total of 1,670,000 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 1.7 days.

Equity Commonwealth Trading Up 0.3 %

Shares of EQC traded up $0.06 during mid-day trading on Friday, hitting $19.85. The company’s stock had a trading volume of 1,637,140 shares, compared to its average volume of 953,776. The company’s 50-day moving average is $19.98 and its 200-day moving average is $19.60. Equity Commonwealth has a 52-week low of $17.93 and a 52-week high of $21.00. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 50.90 and a beta of 0.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a report on Friday, October 25th.

Institutional Trading of Equity Commonwealth

Hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of Equity Commonwealth by 1.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust’s stock worth $32,291,000 after purchasing an additional 18,393 shares during the last quarter. Van ECK Associates Corp raised its holdings in Equity Commonwealth by 25.6% in the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 632 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Equity Commonwealth by 147.2% during the third quarter. Harbor Capital Advisors Inc. now owns 161,729 shares of the real estate investment trust’s stock valued at $3,218,000 after buying an additional 96,312 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Equity Commonwealth by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,084 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Equity Commonwealth by 2.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 35,738 shares of the real estate investment trust’s stock valued at $711,000 after buying an additional 959 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.