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

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,090,000 shares, a decrease of 11.4% from the October 31st total of 1,230,000 shares. Based on an average daily volume of 681,100 shares, the short-interest ratio is presently 1.6 days. Currently, 1.5% of the company’s stock are sold short.

Douglas Elliman Stock Up 6.7 %

Douglas Elliman stock traded up $0.16 during mid-day trading on Friday, reaching $2.54. 671,757 shares of the company were exchanged, compared to its average volume of 947,987. Douglas Elliman has a 12-month low of $1.00 and a 12-month high of $3.16. The business has a fifty day moving average of $1.92 and a 200 day moving average of $1.65. The firm has a market cap of $226.49 million, a P/E ratio of -2.47 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62.

Institutional Investors Weigh In On Douglas Elliman

Hedge funds have recently made changes to their positions in the stock. Clearline Capital LP raised its holdings in Douglas Elliman by 328.0% in the second quarter. Clearline Capital LP now owns 4,346,104 shares of the company’s stock worth $5,041,000 after purchasing an additional 3,330,701 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Douglas Elliman by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 3,789,014 shares of the company’s stock worth $5,987,000 after buying an additional 209,393 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Douglas Elliman during the 1st quarter worth approximately $90,000. AQR Capital Management LLC lifted its position in Douglas Elliman by 250.8% during the second quarter. AQR Capital Management LLC now owns 100,295 shares of the company’s stock valued at $116,000 after acquiring an additional 71,703 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its stake in Douglas Elliman by 2,757.2% in the second quarter. Point72 DIFC Ltd now owns 26,343 shares of the company’s stock valued at $31,000 after acquiring an additional 25,421 shares in the last quarter. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

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.