Short Interest in Equity Commonwealth (NYSE:EQC) Declines By 35.2%

Equity Commonwealth (NYSE:EQC) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,690,000 shares, a decrease of 35.2% from the February 13th total of 2,610,000 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,320,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Equity Commonwealth

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp boosted its position in Equity Commonwealth by 462.3% in the 4th quarter. Alberta Investment Management Corp now owns 8,665,543 shares of the real estate investment trust’s stock valued at $15,338,000 after buying an additional 7,124,543 shares during the last quarter. Ursa Fund Management LLC bought a new position in Equity Commonwealth in the 4th quarter valued at $10,997,000. Indaba Capital Management L.P. boosted its position in Equity Commonwealth by 103.2% in the 4th quarter. Indaba Capital Management L.P. now owns 9,550,000 shares of the real estate investment trust’s stock valued at $16,904,000 after buying an additional 4,850,000 shares during the last quarter. Weiss Asset Management LP bought a new position in Equity Commonwealth in the 3rd quarter valued at $76,849,000. Finally, Barclays PLC boosted its position in Equity Commonwealth by 923.0% in the 4th quarter. Barclays PLC now owns 4,247,401 shares of the real estate investment trust’s stock valued at $7,518,000 after buying an additional 3,832,214 shares during the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Stock Up 0.3 %

EQC stock traded up $0.01 during midday trading on Monday, reaching $1.61. 228,414 shares of the company’s stock traded hands, compared to its average volume of 1,451,960. The company has a 50-day simple moving average of $1.70 and a two-hundred day simple moving average of $10.99. Equity Commonwealth has a 1-year low of $1.40 and a 1-year high of $21.00. The company has a market cap of $172.41 million, a price-to-earnings ratio of 4.12 and a beta of 0.50.

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.