Short Interest in Douglas Elliman Inc. (NYSE:DOUG) Increases By 22.8%

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,787,540 shares, an increase of 22.8% from the February 12th total of 1,456,058 shares. Based on an average daily volume of 975,716 shares, the short-interest ratio is currently 1.8 days. Currently, 2.2% of the shares of the company are short sold. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 975,716 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

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

Douglas Elliman Trading Down 1.5%

Shares of Douglas Elliman stock traded down $0.03 during midday trading on Tuesday, reaching $1.67. The company had a trading volume of 1,337,088 shares, compared to its average volume of 741,117. The stock has a fifty day moving average price of $2.47 and a 200 day moving average price of $2.57. Douglas Elliman has a fifty-two week low of $1.48 and a fifty-two week high of $3.20. The firm has a market cap of $147.89 million, a PE ratio of 33.30 and a beta of 1.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.30 and a quick ratio of 3.30.

Douglas Elliman (NYSE:DOUG) last released its earnings results on Friday, March 13th. The company reported ($0.17) earnings per share 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 15.42%. The firm had revenue of $245.45 million for the quarter, compared to analyst estimates of $275.45 million.

Hedge Funds Weigh In On Douglas Elliman

Hedge funds have recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in Douglas Elliman in the second quarter valued at $29,000. SG Americas Securities LLC acquired a new stake in Douglas Elliman during the 4th quarter worth about $34,000. ProShare Advisors LLC bought a new position in shares of Douglas Elliman in the 2nd quarter worth about $35,000. Virtu Financial LLC bought a new position in shares of Douglas Elliman in the 4th quarter worth about $36,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Douglas Elliman in the 2nd quarter valued at about $39,000. Institutional investors 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.