The most recent short interest data has been released for the 10/13/2017 settlement date, which shows a 364,099 share increase in total short interest for Douglas Emmett Inc (DEI - Get Report), to 3,165,942, an increase of 12.99% since 09/29/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for DEI at the 10/13/2017 settlement decreased to 559,634, as compared to 813,874 at the 09/29/2017 report. That brought "days to cover" up to 5.66, a 64.33% increase from the 3.44 days to cover calculated at the previous short interest data release.The below chart shows the historical "days to cover" for DEI at previous short interest release dates: An increased "days to cover" value could indicate that short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the stock will decline in price. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news — short sellers might then rush to cover their positions, and if the "days to cover" number is high, it would then be more difficult to close those positions without sending the stock higher (until the higher price produces enough sellers to generate the necessary volume the short sellers need to close their positions). The chart below shows the one year performance of DEI shares, versus its 200 day moving average. Looking at this chart, DEI's low point in its 52 week range is $33.78 per share, with $41.12 as the 52 week high point — that compares with a last trade of $39.29. According to the ETF Finder at ETF Channel, DEI makes up 1.27% of the PowerShares S&P MidCap Low Volatility Portfolio ETF (XMLV) which is lower by about 0.8% on the day Wednesday.
More from Stocks
Put the Pedal to the Metal With MSC Industrial Direct
This blue chip company shows promise, especially at this price.
How Investors Should Play the Presidential Debates
Curious about how investors can play the presidential debates whether or not they're Republican or Democratic debates.
Dow Futures Dip on Report China to Push for Big Trade Concessions; Boeing Weighs
Wall Street futures reversed gains Thursday, following on from a solid overnight session in Europe and Asia, amid reports that China will seek a host of demands from President Donald Trump in order to renewed stalled trade talks between the world's two biggest economies.
Trade Truce?, Nike, Boeing, Occidental and Facebook - 5 Things You Must Know
U.S. stock futures turn mixed amid reports that China will seek a host of demands from Donald Trump in order to renew stalled trade talks; Nike and Walgreens report earnings; FAA finds another issue with Boeing's 737 MAX software; Carl Icahn seeks to replace four directors at Occidental Petroleum.