Douglas Elliman Inc. (NYSE:DOUG) Short Interest Down 6.5% in October

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,300,000 shares, a decline of 6.5% from the September 30th total of 1,390,000 shares. Based on an average daily trading volume, of 849,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Douglas Elliman

A number of institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd increased its position in Douglas Elliman by 2,757.2% during the 2nd quarter. Point72 DIFC Ltd now owns 26,343 shares of the company's stock worth $31,000 after purchasing an additional 25,421 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Douglas Elliman during the 1st quarter worth about $48,000. Venture Visionary Partners LLC purchased a new stake in shares of Douglas Elliman during the third quarter worth about $62,000. Stanley Laman Group Ltd. acquired a new position in shares of Douglas Elliman in the third quarter valued at approximately $101,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Douglas Elliman during the first quarter valued at approximately $90,000. 59.56% of the stock is owned by institutional investors and hedge funds.

Douglas Elliman Stock Performance

NYSE DOUG traded down $0.04 during trading hours on Thursday, reaching $2.06. The company's stock had a trading volume of 777,253 shares, compared to its average volume of 913,562. The company's 50-day moving average is $1.77 and its two-hundred day moving average is $1.51. Douglas Elliman has a fifty-two week low of $1.00 and a fifty-two week high of $3.16. The stock has a market cap of $189.18 million, a PE ratio of -2.76 and a beta of 1.37.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Douglas Elliman had a negative net margin of 6.60% and a negative return on equity of 20.11%. The business had revenue of $285.75 million during the quarter, compared to analysts' expectations of $282.43 million. Equities analysts expect that Douglas Elliman will post -0.55 earnings per share for the current fiscal year.

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.