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

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a significant increase in short interest in 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. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 743,600 shares, the short-interest ratio is presently 0.9 days.

Douglas Elliman Price Performance

NYSE DOUG traded down $0.02 on Wednesday, reaching $1.70. The company’s stock had a trading volume of 291,485 shares, compared to its average volume of 881,525. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. The firm’s 50 day moving average is $1.85 and its two-hundred day moving average is $1.87. Douglas Elliman has a twelve month low of $1.00 and a twelve month high of $2.98. The stock has a market cap of $150.41 million, a PE ratio of -1.65 and a beta of 1.56.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings data 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 net margin of 8.81% and a negative return on equity of 22.85%.

Institutional Trading of Douglas Elliman

A number of institutional investors and hedge funds have recently made changes to their positions in DOUG. Renaissance Technologies LLC boosted its position in shares of Douglas Elliman by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company’s stock valued at $7,284,000 after acquiring an additional 461,093 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Douglas Elliman by 2.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,994,004 shares of the company’s stock valued at $5,000,000 after purchasing an additional 71,928 shares in the last quarter. Portolan Capital Management LLC bought a new position in shares of Douglas Elliman during the 3rd quarter worth about $5,327,000. Truffle Hound Capital LLC bought a new stake in Douglas Elliman in the fourth quarter valued at about $3,340,000. Finally, Whetstone Capital Advisors LLC grew its stake in shares of Douglas Elliman by 1.9% in the 4th quarter. Whetstone Capital Advisors LLC now owns 1,512,950 shares of the company’s stock valued at $2,527,000 after purchasing an additional 28,603 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Company Profile

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.