Clipper Realty Inc. (NYSE:CLPR) Short Interest Update

Clipper Realty Inc. (NYSE:CLPR) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 525,100 shares, a drop of 5.1% from the November 30th total of 553,100 shares. Based on an average daily volume of 152,700 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Clipper Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Clipper Realty by 3.2% during the third quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock worth $1,669,000 after acquiring an additional 9,009 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Clipper Realty by 23.0% during the third quarter. Penserra Capital Management LLC now owns 255,470 shares of the company’s stock valued at $1,456,000 after purchasing an additional 47,740 shares during the last quarter. Barclays PLC boosted its position in shares of Clipper Realty by 18.8% in the 3rd quarter. Barclays PLC now owns 82,621 shares of the company’s stock worth $472,000 after purchasing an additional 13,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Clipper Realty by 192.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,703 shares of the company’s stock worth $449,000 after buying an additional 51,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock valued at $180,000 after buying an additional 1,873 shares in the last quarter. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Price Performance

Clipper Realty stock traded down $0.12 during mid-day trading on Wednesday, reaching $4.58. 150,881 shares of the company traded hands, compared to its average volume of 96,652. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12. The firm has a market capitalization of $73.63 million, a price-to-earnings ratio of -15.79 and a beta of 1.26. The firm’s 50 day moving average price is $5.44 and its 200 day moving average price is $4.93.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend was Wednesday, November 13th. Clipper Realty’s dividend payout ratio is currently -131.03%.

About Clipper Realty

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.