Equity Commonwealth (NYSE:EQC - Get Free Report) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,690,000 shares, a drop of 35.2% from the February 13th total of 2,610,000 shares. Based on an average trading volume of 2,320,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.7% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in EQC. Alberta Investment Management Corp grew its holdings in shares of Equity Commonwealth by 462.3% in the fourth quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust's stock worth $15,338,000 after purchasing an additional 7,124,543 shares during the last quarter. Ursa Fund Management LLC bought a new stake in Equity Commonwealth in the fourth quarter valued at $10,997,000. Indaba Capital Management L.P. boosted its holdings in Equity Commonwealth by 103.2% in the fourth quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust's stock valued at $16,904,000 after acquiring an additional 4,850,000 shares in the last quarter. Weiss Asset Management LP bought a new stake in Equity Commonwealth in the third quarter valued at $76,849,000. Finally, Barclays PLC boosted its holdings in Equity Commonwealth by 923.0% in the fourth quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust's stock valued at $7,518,000 after acquiring an additional 3,832,214 shares in the last quarter. Institutional investors own 96.00% of the company's stock.
Equity Commonwealth Stock Up 0.3 %
Shares of Equity Commonwealth stock traded up $0.01 on Wednesday, hitting $1.61. The stock had a trading volume of 40,386 shares, compared to its average volume of 1,446,020. Equity Commonwealth has a one year low of $1.40 and a one year high of $21.00. The stock has a market cap of $172.41 million, a price-to-earnings ratio of 4.12 and a beta of 0.50. The stock's 50-day simple moving average is $1.69 and its two-hundred day simple moving average is $10.73.
About Equity Commonwealth
(
Get Free Report)
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.
Further Reading
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