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

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 294,800 shares, a drop of 36.2% from the April 30th total of 462,400 shares. Based on an average daily volume of 787,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company's shares are sold short.

Insider Buying and Selling

In other Douglas Elliman news, Director Patrick J. Bartels, Jr. bought 58,104 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $1.92 per share, with a total value of $111,559.68. Following the completion of the purchase, the director now directly owns 193,975 shares of the company's stock, valued at approximately $372,432. This trade represents a 42.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 6.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Douglas Elliman Trading Down 1.3%

NYSE DOUG traded down $0.04 during trading hours on Monday, hitting $2.69. 344,505 shares of the company's stock were exchanged, compared to its average volume of 905,968. The stock has a 50-day simple moving average of $1.90 and a 200 day simple moving average of $1.91. Douglas Elliman has a 1-year low of $1.00 and a 1-year high of $3.20. The firm has a market cap of $238.26 million, a price-to-earnings ratio of -2.61 and a beta of 1.52. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.20.

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

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.