Douglas Elliman Inc. (NYSE:DOUG) Sees Large Growth in Short Interest

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 897,600 shares, a growth of 52.5% from the December 31st total of 588,600 shares. Approximately 1.3% of the company's stock are short sold. Based on an average daily volume of 962,900 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Douglas Elliman

A number of institutional investors and hedge funds have recently bought and sold shares of DOUG. AQR Capital Management LLC grew its stake in shares of Douglas Elliman by 250.8% in the 2nd quarter. AQR Capital Management LLC now owns 100,295 shares of the company's stock worth $116,000 after acquiring an additional 71,703 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Douglas Elliman by 96.4% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 131,224 shares of the company's stock worth $152,000 after purchasing an additional 64,416 shares in the last quarter. Point72 DIFC Ltd increased its stake in Douglas Elliman by 2,757.2% in the 2nd quarter. Point72 DIFC Ltd now owns 26,343 shares of the company's stock valued at $31,000 after buying an additional 25,421 shares during the last quarter. Venture Visionary Partners LLC bought a new position in shares of Douglas Elliman during the 3rd quarter worth approximately $62,000. Finally, Stanley Laman Group Ltd. purchased a new position in shares of Douglas Elliman in the 3rd quarter worth approximately $101,000. 59.56% of the stock is owned by hedge funds and other institutional investors.

Douglas Elliman Stock Up 0.8 %

Shares of Douglas Elliman stock traded up $0.02 during trading hours on Tuesday, reaching $1.90. The company's stock had a trading volume of 647,028 shares, compared to its average volume of 755,345. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. The stock's fifty day simple moving average is $1.86 and its two-hundred day simple moving average is $1.85. The company has a market capitalization of $168.97 million, a P/E ratio of -1.84 and a beta of 1.58. 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 announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $266.32 million during the quarter, compared to the consensus estimate of $239.19 million. Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%. During the same period in the previous year, the business posted ($0.06) EPS.

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.