Equity Commonwealth (NYSE:EQC - Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,770,000 shares, an increase of 6.0% from the September 30th total of 1,670,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is currently 1.7 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Equity Commonwealth from a "hold" rating to a "sell" rating in a research report on Friday, October 25th.
Get Our Latest Stock Analysis on Equity Commonwealth
Equity Commonwealth Stock Performance
Equity Commonwealth stock traded up $0.06 during mid-day trading on Friday, reaching $19.85. The company's stock had a trading volume of 1,637,140 shares, compared to its average volume of 953,776. The company has a market capitalization of $2.13 billion, a P/E ratio of 50.74 and a beta of 0.27. The firm's fifty day moving average price is $19.98 and its two-hundred day moving average price is $19.60. Equity Commonwealth has a 12-month low of $17.93 and a 12-month high of $21.00.
Institutional Trading of Equity Commonwealth
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Equity Commonwealth by 2.9% in the 3rd quarter. Creative Planning now owns 19,400 shares of the real estate investment trust's stock worth $386,000 after purchasing an additional 551 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Equity Commonwealth by 1.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,845 shares of the real estate investment trust's stock valued at $991,000 after acquiring an additional 569 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Equity Commonwealth by 0.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 66,508 shares of the real estate investment trust's stock valued at $1,256,000 after acquiring an additional 586 shares during the period. Arizona State Retirement System grew its stake in Equity Commonwealth by 2.1% during the second quarter. Arizona State Retirement System now owns 29,952 shares of the real estate investment trust's stock valued at $581,000 after acquiring an additional 625 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in 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 worth $61,000 after acquiring an additional 632 shares during the period. 96.00% of the stock is currently owned by institutional investors.
Equity Commonwealth Company Profile
(
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.
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