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

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 699,000 shares, a growth of 25.2% from the February 28th total of 558,400 shares. Currently, 1.0% of the company's stock are sold short. Based on an average daily trading volume, of 743,600 shares, the days-to-cover ratio is presently 0.9 days.

Douglas Elliman Stock Up 3.4 %

Shares of NYSE:DOUG traded up $0.06 during midday trading on Friday, reaching $1.68. The company had a trading volume of 835,653 shares, compared to its average volume of 882,486. The stock has a market capitalization of $148.64 million, a P/E ratio of -1.63 and a beta of 1.52. The stock's fifty day moving average price is $1.84 and its 200-day moving average price is $1.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.62 and a quick ratio of 4.62. Douglas Elliman has a one year low of $1.00 and a one year high of $2.98.

Douglas Elliman (NYSE:DOUG - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate 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 Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Douglas Elliman in the 4th quarter valued at approximately $25,000. Boothbay Fund Management LLC acquired a new position in Douglas Elliman in the fourth quarter worth $27,000. Alpine Global Management LLC acquired a new position in Douglas Elliman in the fourth quarter worth $28,000. US Bancorp DE increased its stake in Douglas Elliman by 36,851.9% during the fourth quarter. US Bancorp DE now owns 19,954 shares of the company's stock valued at $33,000 after purchasing an additional 19,900 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Douglas Elliman by 39.6% during the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company's stock worth $48,000 after purchasing an additional 8,095 shares during the period. 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.