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

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,787,540 shares, an increase of 22.8% from the February 12th total of 1,456,058 shares. Based on an average daily volume of 975,716 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 975,716 shares, the days-to-cover ratio is presently 1.8 days.

Hedge Funds Weigh In On Douglas Elliman

A number of large investors have recently bought and sold shares of DOUG. Clifford Capital Partners LLC purchased a new stake in Douglas Elliman in the second quarter worth $232,000. Gate City Capital Management LLC purchased a new stake in shares of Douglas Elliman during the second quarter valued at $866,000. Azora Capital LP bought a new position in shares of Douglas Elliman in the second quarter worth about $1,418,000. Citizens Financial Group Inc. RI bought a new position in shares of Douglas Elliman in the second quarter worth about $81,000. Finally, Senvest Management LLC purchased a new position in Douglas Elliman in the 2nd quarter worth about $741,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Douglas Elliman in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Douglas Elliman has an average rating of “Sell”.

Douglas Elliman Stock Down 1.5%

Shares of NYSE DOUG opened at $1.67 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market cap of $147.89 million, a P/E ratio of 33.30 and a beta of 1.78. Douglas Elliman has a 1 year low of $1.48 and a 1 year high of $3.20. The firm has a 50-day simple moving average of $2.46 and a two-hundred day simple moving average of $2.57.

Douglas Elliman (NYSE:DOUG) last released its earnings results on Friday, March 13th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.19). The business had revenue of $245.45 million for the quarter, compared to the consensus estimate of $275.45 million. Douglas Elliman had a net margin of 1.47% and a negative return on equity of 15.42%.

Douglas Elliman Company Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.