Equity Commonwealth (NYSE:EQC) Sees Large Increase in Short Interest

Equity Commonwealth (NYSE:EQC) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,300,000 shares, an increase of 8.5% from the October 15th total of 2,120,000 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.2% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Equity Commonwealth in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Equity Commonwealth Price Performance

Shares of EQC stock traded up $0.10 on Friday, hitting $19.04. The stock had a trading volume of 921,956 shares, compared to its average volume of 1,044,115. Equity Commonwealth has a 12-month low of $18.09 and a 12-month high of $27.39. The business has a 50 day moving average of $18.73 and a 200 day moving average of $19.65. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.30.

Institutional Trading of Equity Commonwealth

A number of large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its holdings in Equity Commonwealth by 33.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,147,825 shares of the real estate investment trust’s stock worth $21,086,000 after buying an additional 289,932 shares during the last quarter. Creative Planning purchased a new stake in Equity Commonwealth during the third quarter worth about $300,000. Tudor Investment Corp Et Al increased its holdings in Equity Commonwealth by 19.4% during the third quarter. Tudor Investment Corp Et Al now owns 200,559 shares of the real estate investment trust’s stock worth $3,684,000 after buying an additional 32,575 shares during the last quarter. First Foundation Advisors increased its holdings in Equity Commonwealth by 10.5% during the third quarter. First Foundation Advisors now owns 79,201 shares of the real estate investment trust’s stock worth $1,455,000 after buying an additional 7,501 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Equity Commonwealth by 11.4% during the third quarter. Public Employees Retirement System of Ohio now owns 258,591 shares of the real estate investment trust’s stock worth $4,750,000 after buying an additional 26,514 shares during the last quarter. Hedge funds and other institutional investors own 95.20% of the company’s stock.

Equity Commonwealth Company Profile

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.