Equity Commonwealth (NYSE:EQC) Short Interest Up 26.6% in November

Equity Commonwealth (NYSE:EQC) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,760,000 shares, an increase of 26.6% from the October 31st total of 1,390,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is presently 1.0 days. Currently, 1.7% of the shares of the stock are short sold.

Equity Commonwealth Price Performance

NYSE EQC traded down $0.16 during mid-day trading on Monday, hitting $20.18. The stock had a trading volume of 3,637,864 shares, compared to its average volume of 1,179,057. Equity Commonwealth has a twelve month low of $17.93 and a twelve month high of $21.00. The firm’s 50 day moving average is $19.92 and its 200 day moving average is $19.79. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 52.15 and a beta of 0.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Hedge Funds Weigh In On Equity Commonwealth

Several large investors have recently bought and sold shares of EQC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Equity Commonwealth during the 2nd quarter worth $27,000. Van ECK Associates Corp grew its position in shares of Equity Commonwealth by 25.6% during the 3rd quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 632 shares during the last quarter. CWM LLC raised its stake in Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 701 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Equity Commonwealth by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Equity Commonwealth by 459.8% in the third quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 3,738 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

About Equity Commonwealth

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.