Douglas Elliman Inc. (NYSE:DOUG) Short Interest Update

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 684,500 shares, a growth of 132.2% from the May 15th total of 294,800 shares. Based on an average daily trading volume, of 796,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are sold short.

Douglas Elliman Price Performance

Shares of Douglas Elliman stock traded down $0.04 on Tuesday, hitting $2.70. The company's stock had a trading volume of 355,914 shares, compared to its average volume of 737,524. The firm has a fifty day moving average price of $2.13 and a 200-day moving average price of $1.93. The company has a market capitalization of $239.15 million, a P/E ratio of -2.62 and a beta of 1.85. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.20. Douglas Elliman has a 52-week low of $1.03 and a 52-week high of $3.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $223.19 million. Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%.

Insider Activity

In other news, Director Patrick J. Bartels, Jr. acquired 58,104 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $1.92 per share, for a total transaction of $111,559.68. Following the acquisition, the director now owns 193,975 shares of the company's stock, valued at $372,432. This represents a 42.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.79% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of Douglas Elliman in the fourth quarter worth approximately $25,000. Boothbay Fund Management LLC purchased a new position in Douglas Elliman during the fourth quarter valued at approximately $27,000. Alpine Global Management LLC purchased a new position in Douglas Elliman during the fourth quarter valued at approximately $28,000. US Bancorp DE grew its position in Douglas Elliman by 36,851.9% in the fourth quarter. US Bancorp DE now owns 19,954 shares of the company's stock worth $33,000 after acquiring an additional 19,900 shares in the last quarter. Finally, Atria Investments Inc grew its position in Douglas Elliman by 39.6% in the fourth quarter. Atria Investments Inc now owns 28,529 shares of the company's stock worth $48,000 after acquiring an additional 8,095 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company's stock.

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.