Short Interest Update on Douglas Emmett (DEI)

Douglas Emmett (DEI) : Traders are increasing their bearish positions on the stock, as is visible by the 0.2% jump in the outstanding short positions; a total addition of 6,856 shares on the sell side. On Jul 29, 2016, the total short positions were 3,130,100 shares, which went up to 3,136,956 shares by the close of trading on August 15, 2016. It will take 6 days for the bears to roll over or cover. An average of 491,056 shares exchange hands daily. 2.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Douglas Emmett (NYSE:DEI): The stock opened at $37.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.02 for the day. The stock traded down to $36.51 during the day, due to lack of any buying support eventually closed down at $36.76 with a loss of -0.76% for the day. The stock had closed at $37.04 on the previous day. The total traded volume was 297,794 shares.


In a related news, The Securities and Exchange Commission has divulged that Emmett Dan A, director officer (Chairman of the Board) of Douglas Emmett Inc, had unloaded 140,000 shares at an average price of $36.72 in a transaction dated on July 21, 2016. The total value of the transaction was worth $5,140,800.

Douglas Emmett, Inc. is a self-administered and self-managed Real Estate Investment Trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: Office Properties and Multifamily Properties. The Office Properties segment products include rental of office space and other tenant services, including parking and storage space rental. The Multifamily Properties segment products include rental of apartments and other tenant services, including parking and storage space rental. The Company owned a consolidated portfolio of approximately 53 office properties and approximately 10 multifamily properties. Its properties are located in the Brentwood, Olympic Corridor, Century City, Beverly Hills, Santa Monica, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills and Burbank submarkets of Los Angeles County, California, and in Honolulu, Hawaii.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.