Equity Commonwealth (NYSE:EQC) Sees Large Decrease in Short Interest

Equity Commonwealth (NYSE:EQC - Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 4,030,000 shares, a drop of 32.9% from the December 15th total of 6,010,000 shares. Based on an average daily volume of 3,240,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 4.0% of the company's stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in shares of Equity Commonwealth by 25.6% in 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 acquiring an additional 632 shares during the period. CWM LLC lifted its stake in shares of Equity Commonwealth by 29.3% during the 3rd quarter. CWM LLC now owns 3,097 shares of the real estate investment trust's stock worth $62,000 after buying an additional 701 shares during the last quarter. Ullmann Wealth Partners Group LLC acquired a new position in Equity Commonwealth in the 4th quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 valued at $83,000 after acquiring an additional 1,084 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Equity Commonwealth by 459.8% during the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 3,738 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Equity Commonwealth from a "hold" rating to a "sell" rating in a report on Friday, October 25th.

Equity Commonwealth Trading Down 2.0 %

Shares of Equity Commonwealth stock traded down $0.04 during trading hours on Wednesday, reaching $1.69. 812,679 shares of the company's stock were exchanged, compared to its average volume of 1,137,020. The stock has a market cap of $180.86 million, a P/E ratio of 4.32 and a beta of 0.48. The company has a 50 day moving average of $10.20 and a two-hundred day moving average of $16.48. Equity Commonwealth has a fifty-two week low of $1.40 and a fifty-two week high of $21.00.

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.