Equity Commonwealth (NYSE:EQC) Short Interest Down 47.0% in March

Equity Commonwealth (NYSE:EQC - Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 868,700 shares, a drop of 47.0% from the March 15th total of 1,640,000 shares. Approximately 0.9% of the company's shares are short sold. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Equity Commonwealth

Hedge funds and other institutional investors have recently modified their holdings of the company. First Affirmative Financial Network raised its position in Equity Commonwealth by 117.0% during the fourth quarter. First Affirmative Financial Network now owns 24,831 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 13,389 shares in the last quarter. Bragg Financial Advisors Inc increased its stake in shares of Equity Commonwealth by 4.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 425,853 shares of the real estate investment trust's stock valued at $754,000 after buying an additional 16,359 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Equity Commonwealth during the 1st quarter worth $26,000. Coldstream Capital Management Inc. bought a new stake in shares of Equity Commonwealth in the 4th quarter valued at about $31,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Equity Commonwealth in the 3rd quarter valued at about $356,000. Institutional investors and hedge funds own 96.00% of the company's stock.

Equity Commonwealth Trading Down 1.6 %

Shares of EQC stock traded down $0.03 on Monday, reaching $1.59. The company had a trading volume of 12,285,270 shares, compared to its average volume of 1,620,453. The company has a 50-day moving average of $1.63 and a 200-day moving average of $7.56. Equity Commonwealth has a 12 month low of $1.40 and a 12 month high of $21.00. The stock has a market cap of $170.26 million, a PE ratio of 4.06 and a beta of 0.57.

About Equity Commonwealth

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.