Short Interest in Equity Commonwealth (NYSE:EQC) Decreases By 47.0%

Equity Commonwealth (NYSE:EQC) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 868,700 shares, a decrease of 47.0% from the March 15th total of 1,640,000 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Equity Commonwealth

A number of hedge funds have recently modified their holdings of EQC. Indaba Capital Management L.P. lifted its holdings in Equity Commonwealth by 103.2% in the 4th quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust’s stock worth $16,904,000 after buying an additional 4,850,000 shares during the period. Alberta Investment Management Corp lifted its stake in Equity Commonwealth by 462.3% in the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust’s stock worth $15,338,000 after acquiring an additional 7,124,543 shares during the period. Ursa Fund Management LLC bought a new stake in Equity Commonwealth in the fourth quarter valued at $10,997,000. Barclays PLC increased its position in Equity Commonwealth by 923.0% during the 4th quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust’s stock valued at $7,518,000 after purchasing an additional 3,832,214 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Equity Commonwealth in the 4th quarter worth about $6,182,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

Equity Commonwealth stock traded up $0.01 during trading hours on Wednesday, reaching $1.60. The company had a trading volume of 14,807 shares, compared to its average volume of 1,567,316. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $21.00. The company has a 50-day moving average price of $1.64 and a 200 day moving average price of $8.03. The firm has a market cap of $171.34 million, a price-to-earnings ratio of 4.09 and a beta of 0.57.

Equity Commonwealth Company Profile

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.