Douglas Elliman Inc. (NYSE:DOUG) Short Interest Down 6.5% in October

Douglas Elliman Inc. (NYSE:DOUG) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,300,000 shares, a decline of 6.5% from the September 30th total of 1,390,000 shares. Based on an average daily trading volume, of 849,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.8% of the shares of the stock are sold short.

Douglas Elliman Price Performance

Douglas Elliman stock opened at $2.02 on Friday. The firm has a market capitalization of $185.50 million, a P/E ratio of -2.66 and a beta of 1.37. The stock has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $1.52. Douglas Elliman has a 52-week low of $1.00 and a 52-week high of $3.16.

Douglas Elliman (NYSE:DOUG) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $285.75 million during the quarter, compared to analysts’ expectations of $282.43 million. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. On average, equities research analysts predict that Douglas Elliman will post -0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DOUG. Mesirow Financial Investment Management Inc. acquired a new stake in Douglas Elliman during the 3rd quarter valued at $34,000. Atria Investments Inc grew its holdings in shares of Douglas Elliman by 62.5% during the third quarter. Atria Investments Inc now owns 20,434 shares of the company’s stock worth $37,000 after purchasing an additional 7,862 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Douglas Elliman in the third quarter valued at $101,000. Venture Visionary Partners LLC bought a new position in shares of Douglas Elliman in the third quarter valued at about $62,000. Finally, Clifford Capital Partners LLC lifted its position in Douglas Elliman by 19.8% during the 2nd quarter. Clifford Capital Partners LLC now owns 349,651 shares of the company’s stock worth $406,000 after buying an additional 57,770 shares in the last quarter. Institutional investors own 59.56% of the company’s stock.

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.