Douglas Elliman Inc. (NYSE:DOUG) Short Interest Up 55.8% in March

Key Points

• Short interest rose 55.8% in March to 2,397,928 shares, representing 2.9% of the float and a days-to-cover ratio of about 2.4 days.
• The company missed quarterly expectations, reporting a loss of $0.17 per share versus $0.02 expected and revenue of $245.45M versus $275.45M consensus, with negative return on equity and thin net margin.
• Douglas Elliman carries a consensus "Sell" rating (Weiss Ratings reaffirmed a sell) while institutional investors own about 59.6% of the stock; the market cap is roughly $150M and the share price trades near its 52-week low.

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,397,928 shares, an increase of 55.8% from the March 15th total of 1,538,914 shares. Based on an average trading volume of 1,014,389 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.9% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Douglas Elliman in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Douglas Elliman Stock Up 1.5%

NYSE:DOUG opened at $1.71 on Tuesday. The company has a market cap of $150.42 million, a P/E ratio of 34.10 and a beta of 1.88. Douglas Elliman has a fifty-two week low of $1.51 and a fifty-two week high of $3.20. The firm's 50 day moving average is $2.08 and its two-hundred day moving average is $2.41.

Douglas Elliman (NYSE:DOUG - Get Free Report) last posted its quarterly earnings results on Friday, March 13th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.19). The company had revenue of $245.45 million for the quarter, compared to analysts' expectations of $275.45 million. Douglas Elliman had a negative return on equity of 14.22% and a net margin of 1.47%.

Hedge Funds Weigh In On Douglas Elliman

A number of large investors have recently bought and sold shares of DOUG. Cetera Investment Advisers raised its stake in shares of Douglas Elliman by 7.1% in the 4th quarter. Cetera Investment Advisers now owns 62,917 shares of the company's stock valued at $149,000 after acquiring an additional 4,175 shares during the period. State Street Corp raised its stake in shares of Douglas Elliman by 0.4% in the 4th quarter. State Street Corp now owns 1,092,336 shares of the company's stock valued at $2,589,000 after acquiring an additional 4,793 shares during the period. Clifford Capital Partners LLC raised its stake in shares of Douglas Elliman by 5.4% in the 3rd quarter. Clifford Capital Partners LLC now owns 105,433 shares of the company's stock valued at $302,000 after acquiring an additional 5,400 shares during the period. Geode Capital Management LLC raised its stake in shares of Douglas Elliman by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,749,768 shares of the company's stock valued at $4,148,000 after acquiring an additional 7,411 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Douglas Elliman by 49.5% in the 2nd quarter. Raymond James Financial Inc. now owns 32,217 shares of the company's stock valued at $75,000 after acquiring an additional 10,660 shares during the period. Hedge funds and other institutional investors own 59.56% of the company's stock.

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.

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