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

Douglas Elliman Inc. (NYSE:DOUG) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,316,718 shares, an increase of 53.0% from the January 15th total of 860,671 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 599,730 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 599,730 shares, the short-interest ratio is presently 2.2 days. Currently, 1.6% of the company’s shares are sold short.

Douglas Elliman Trading Up 4.4%

DOUG stock traded up $0.11 during mid-day trading on Friday, reaching $2.52. The company had a trading volume of 812,452 shares, compared to its average volume of 568,663. The company has a market capitalization of $223.38 million, a PE ratio of -3.59 and a beta of 1.76. The firm has a 50 day moving average of $2.58 and a 200 day moving average of $2.61. Douglas Elliman has a 12 month low of $1.48 and a 12 month high of $3.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.30 and a quick ratio of 3.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Douglas Elliman in a research note on Wednesday, January 21st. 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 data from MarketBeat.com, Douglas Elliman has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DOUG. Walleye Capital LLC purchased a new stake in shares of Douglas Elliman in the 2nd quarter worth $29,000. SG Americas Securities LLC purchased a new position in shares of Douglas Elliman during the fourth quarter valued at $34,000. ProShare Advisors LLC bought a new stake in shares of Douglas Elliman in the second quarter valued at about $35,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Douglas Elliman in the second quarter worth about $39,000. Finally, EntryPoint Capital LLC purchased a new stake in Douglas Elliman in the fourth quarter worth about $40,000. 59.56% of the stock is currently owned by hedge funds and other 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.