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

Clipper Realty Inc. (NYSE:CLPR) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 701,900 shares, a growth of 33.7% from the December 15th total of 525,100 shares. Based on an average daily volume of 159,900 shares, the short-interest ratio is presently 4.4 days. Currently, 5.2% of the company’s stock are short sold.

Clipper Realty Price Performance

Shares of Clipper Realty stock traded down $0.14 on Thursday, reaching $4.05. 98,398 shares of the company were exchanged, compared to its average volume of 106,680. Clipper Realty has a 1-year low of $3.38 and a 1-year high of $7.12. The company has a market cap of $65.12 million, a P/E ratio of -13.97 and a beta of 1.25. The stock’s 50 day moving average price is $5.00 and its 200-day moving average price is $4.98.

Clipper Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.38%. Clipper Realty’s payout ratio is currently -131.03%.

Institutional Trading of Clipper Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Clipper Realty by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after acquiring an additional 1,873 shares in the last quarter. Hsbc Holdings PLC increased its stake in Clipper Realty by 25.6% in the second quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after purchasing an additional 5,054 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 9,009 shares in the last quarter. Marshall Wace LLP acquired a new stake in Clipper Realty during the second quarter worth approximately $38,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Clipper Realty by 72.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock worth $144,000 after buying an additional 10,571 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors and hedge funds.

Clipper Realty Company Profile

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.