Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Rises By 34.7%

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 10,100 shares, an increase of 34.7% from the January 31st total of 7,500 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Comstock Holding Companies in a research note on Wednesday, February 26th. They issued a “hold” rating for the company.

Comstock Holding Companies Stock Performance

Shares of CHCI opened at $6.40 on Tuesday. The stock has a 50-day moving average of $8.01 and a two-hundred day moving average of $8.75. The stock has a market cap of $63.29 million, a P/E ratio of 10.85 and a beta of 0.66. Comstock Holding Companies has a one year low of $4.60 and a one year high of $14.48.

Institutional Trading of Comstock Holding Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in CHCI. Dimensional Fund Advisors LP raised its holdings in Comstock Holding Companies by 5.9% in 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 during the period. Barclays PLC purchased a new stake in Comstock Holding Companies in the 4th quarter valued at $40,000. Renaissance Technologies LLC increased its position in Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock valued at $1,395,000 after buying an additional 4,433 shares during the period. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.