Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Expands By 46.5%

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 1,888 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Comstock Holding Companies by 1.4% in 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. Geode Capital Management LLC increased its holdings in Comstock Holding Companies by 2.6% in the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock valued at $1,700,000 after purchasing an additional 4,371 shares during the period. Finally, Barclays PLC bought a new position in Comstock Holding Companies during the 4th quarter worth $40,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

Analysts Set New Price Targets

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

Comstock Holding Companies Stock Performance

NASDAQ CHCI opened at $8.62 on Tuesday. Comstock Holding Companies has a fifty-two week low of $5.01 and a fifty-two week high of $14.48. The stock has a market cap of $85.24 million, a PE ratio of 14.61 and a beta of 0.62. The firm’s fifty day moving average price is $7.85 and its two-hundred day moving average price is $8.80.

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

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.