Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 3,020,000 shares, a growth of 120.4% from the April 15th total of 1,370,000 shares. Approximately 4.2% of the company's shares are short sold. Based on an average trading volume of 961,800 shares, the days-to-cover ratio is presently 3.1 days.
Douglas Elliman Stock Performance
Shares of NYSE DOUG traded down $0.07 during trading on Monday, hitting $1.11. 976,733 shares of the company traded hands, compared to its average volume of 853,036. The business's fifty day moving average is $1.52 and its 200 day moving average is $1.93. Douglas Elliman has a fifty-two week low of $1.11 and a fifty-two week high of $3.24. The firm has a market capitalization of $101.48 million, a price-to-earnings ratio of -1.44 and a beta of 1.42.
Douglas Elliman (NYSE:DOUG - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.26). Douglas Elliman had a negative net margin of 7.05% and a negative return on equity of 19.61%. The company had revenue of $200.24 million for the quarter. During the same quarter in the prior year, the company earned ($0.18) EPS. On average, analysts predict that Douglas Elliman will post 0.06 EPS for the current year.
Institutional Investors Weigh In On Douglas Elliman
A number of institutional investors and hedge funds have recently made changes to their positions in DOUG. SG Americas Securities LLC acquired a new stake in shares of Douglas Elliman in the 3rd quarter worth about $83,000. Cambridge Investment Research Advisors Inc. increased its stake in Douglas Elliman by 37.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,674 shares of the company's stock valued at $56,000 after buying an additional 6,786 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Douglas Elliman in the 3rd quarter valued at about $41,000. Levin Capital Strategies L.P. purchased a new stake in Douglas Elliman in the 3rd quarter valued at about $56,000. Finally, Principal Financial Group Inc. purchased a new stake in Douglas Elliman in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 59.56% of the company's stock.
About Douglas Elliman
(
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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.
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