Equity Commonwealth (NYSE:EQC) Short Interest Update

Equity Commonwealth (NYSE:EQC) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,390,000 shares, a decline of 21.5% from the October 15th total of 1,770,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Equity Commonwealth

Several institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd raised its holdings in Equity Commonwealth by 6,117.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 17,721 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 17,436 shares during the period. Edgestream Partners L.P. bought a new position in Equity Commonwealth during the third quarter valued at $2,638,000. Verition Fund Management LLC lifted its holdings in shares of Equity Commonwealth by 1,142.3% in the 3rd quarter. Verition Fund Management LLC now owns 214,522 shares of the real estate investment trust’s stock worth $4,269,000 after acquiring an additional 197,254 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Equity Commonwealth by 8.0% during the 3rd quarter. Martingale Asset Management L P now owns 191,686 shares of the real estate investment trust’s stock worth $3,815,000 after purchasing an additional 14,191 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equity Commonwealth by 117.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,954 shares of the real estate investment trust’s stock worth $7,661,000 after purchasing an additional 208,208 shares during the period. 96.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Equity Commonwealth Trading Down 1.1 %

Shares of NYSE:EQC opened at $19.75 on Friday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 50.64 and a beta of 0.27. Equity Commonwealth has a 12 month low of $17.93 and a 12 month high of $21.00. The company has a 50-day moving average price of $19.93 and a 200 day moving average price of $19.69.

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.