Short Interest in Douglas Elliman Inc. (NYSE:DOUG) Declines By 14.5%

Douglas Elliman Inc. (NYSE:DOUG) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 484,300 shares, a drop of 14.5% from the January 31st total of 566,400 shares. Based on an average daily volume of 888,300 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

Douglas Elliman Price Performance

DOUG stock opened at $1.65 on Wednesday. The firm has a 50 day moving average price of $1.80 and a 200-day moving average price of $1.87. Douglas Elliman has a 52-week low of $1.00 and a 52-week high of $2.98. The firm has a market capitalization of $146.68 million, a price-to-earnings ratio of -1.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62.

Hedge Funds Weigh In On Douglas Elliman

Large investors have recently made changes to their positions in the business. Jefferies Financial Group Inc. raised its holdings in Douglas Elliman by 112.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 121,100 shares of the company’s stock worth $202,000 after acquiring an additional 64,100 shares during the last quarter. Alpine Global Management LLC purchased a new position in Douglas Elliman in the 4th quarter worth approximately $28,000. Squarepoint Ops LLC raised its holdings in Douglas Elliman by 220.7% in the 4th quarter. Squarepoint Ops LLC now owns 229,192 shares of the company’s stock worth $383,000 after acquiring an additional 157,718 shares during the last quarter. Two Sigma Investments LP grew its position in Douglas Elliman by 213.8% in the 4th quarter. Two Sigma Investments LP now owns 262,023 shares of the company’s stock worth $438,000 after purchasing an additional 178,519 shares during the period. Finally, State of Wyoming bought a new stake in Douglas Elliman in the 4th quarter worth approximately $118,000. 59.56% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Elliman Company Profile

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.