Equity Commonwealth (NYSE:EQC) Short Interest Up 298.0% in December

Equity Commonwealth (NYSE:EQC) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 6,010,000 shares, a growth of 298.0% from the November 30th total of 1,510,000 shares. Based on an average daily trading volume, of 3,240,000 shares, the short-interest ratio is presently 1.9 days. Approximately 6.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

Equity Commonwealth Stock Down 0.6 %

NYSE:EQC traded down $0.01 during midday trading on Friday, reaching $1.75. The stock had a trading volume of 740,715 shares, compared to its average volume of 1,522,276. The stock has a market cap of $187.83 million, a P/E ratio of 4.49 and a beta of 0.27. The firm has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $17.98. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $21.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its position in Equity Commonwealth by 25.6% in the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 632 shares in the last quarter. CWM LLC grew its position in shares of Equity Commonwealth by 29.3% in the third quarter. CWM LLC now owns 3,097 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 701 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Equity Commonwealth by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 1,084 shares during the last quarter. Blue Trust Inc. raised its stake in Equity Commonwealth by 459.8% in the 3rd quarter. Blue Trust Inc. now owns 4,551 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 3,738 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Equity Commonwealth by 629.6% during the second quarter. Quarry LP now owns 5,932 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 5,119 shares during the period. 96.00% of the stock is currently owned by institutional investors and hedge funds.

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.