Comstock Holding Companies, Inc. (NASDAQ:CHCI) Sees Large Increase in Short Interest

Comstock Holding Companies, Inc. (NASDAQ:CHCI) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,300 shares, an increase of 46.5% from the February 28th total of 4,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 18,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Comstock Holding Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Comstock Holding Companies by 2.6% during the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock worth $1,700,000 after buying an additional 4,371 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Comstock Holding Companies by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after acquiring an additional 2,100 shares in the last quarter. Barclays PLC bought a new stake in shares of Comstock Holding Companies in the 4th quarter worth approximately $40,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Comstock Holding Companies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after purchasing an additional 1,888 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Comstock Holding Companies Stock Down 7.3 %

CHCI stock traded down $0.75 during mid-day trading on Friday, reaching $9.49. 32,041 shares of the stock traded hands, compared to its average volume of 23,653. The business has a 50-day moving average of $7.85 and a two-hundred day moving average of $8.79. Comstock Holding Companies has a 52 week low of $5.01 and a 52 week high of $14.48. The firm has a market capitalization of $93.85 million, a PE ratio of 16.08 and a beta of 0.62.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Friday, March 21st. The construction company reported $0.99 EPS for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The company had revenue of $16.91 million during the quarter. During the same quarter last year, the firm earned $0.18 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Comstock Holding Companies in a report on Sunday. They set a “hold” rating for the company.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.