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

Douglas Elliman Inc. (NYSE:DOUG) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 699,000 shares, an increase of 25.2% from the February 28th total of 558,400 shares. Based on an average trading volume of 743,600 shares, the short-interest ratio is currently 0.9 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Portolan Capital Management LLC acquired a new stake in Douglas Elliman during the 3rd quarter worth approximately $5,327,000. Truffle Hound Capital LLC bought a new position in Douglas Elliman in the 4th quarter valued at approximately $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 purchasing an additional 916,210 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Douglas Elliman by 144.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 979,425 shares of the company’s stock worth $1,636,000 after buying an additional 578,044 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Douglas Elliman by 11.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company’s stock worth $7,284,000 after purchasing an additional 461,093 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Trading Down 0.9 %

Shares of DOUG stock traded down $0.02 on Wednesday, reaching $1.70. 291,485 shares of the stock were exchanged, compared to its average volume of 881,525. The stock has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.87. The stock has a market cap of $150.41 million, a PE ratio of -1.65 and a beta of 1.56. Douglas Elliman has a one year low of $1.00 and a one year high of $2.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.62 and a quick ratio of 4.62.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.11. The company had revenue of $243.32 million during the quarter. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

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.