Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Update

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 18,000 shares, a growth of 185.7% from the March 15th total of 6,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

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

Comstock Holding Companies Stock Performance

CHCI traded up $0.79 during trading on Wednesday, hitting $10.09. 34,611 shares of the stock were exchanged, compared to its average volume of 24,397. Comstock Holding Companies has a 1 year low of $5.90 and a 1 year high of $14.48. The firm has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $8.81. The firm has a market cap of $101.36 million, a price-to-earnings ratio of 17.10 and a beta of 0.39.

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

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in 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 worth $1,395,000 after buying an additional 4,433 shares during the last quarter. Renaissance Technologies LLC increased 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 worth $1,224,000 after acquiring an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of Comstock Holding Companies during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.