Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Up 169.8% in April

Comstock Holding Companies, Inc. (NASDAQ:CHCI) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 11,600 shares, an increase of 169.8% from the March 31st total of 4,300 shares. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TheStreet lowered shares of Comstock Holding Companies from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. StockNews.com started coverage on shares of Comstock Holding Companies in a research note on Wednesday. They issued a “buy” rating for the company.

Comstock Holding Companies Stock Down 1.1 %

Shares of Comstock Holding Companies stock opened at $6.41 on Friday. The firm has a market capitalization of $62.88 million, a P/E ratio of 8.43 and a beta of 0.85. The company has a 50 day moving average price of $5.28 and a 200 day moving average price of $4.75. Comstock Holding Companies has a 52 week low of $3.47 and a 52 week high of $8.29.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings data on Thursday, March 21st. The construction company reported $0.18 EPS for the quarter. The firm had revenue of $11.02 million during the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%.

About Comstock Holding Companies

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.