Comstock Holding Companies, Inc. (NASDAQ:CHCI) Sees Significant Growth in Short Interest

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target 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. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is currently 0.7 days.

Comstock Holding Companies Stock Up 1.7 %

Comstock Holding Companies stock opened at $7.01 on Thursday. Comstock Holding Companies has a 52 week low of $4.60 and a 52 week high of $14.48. The business has a 50-day simple moving average of $7.97 and a 200 day simple moving average of $8.73. The stock has a market cap of $69.32 million, a price-to-earnings ratio of 11.88 and a beta of 0.66.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Comstock Holding Companies

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Comstock Holding Companies during the fourth quarter worth about $40,000. Dimensional Fund Advisors LP lifted its stake 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 worth $272,000 after purchasing an additional 1,888 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 lifted its stake in Comstock Holding Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after purchasing an additional 4,433 shares during the last quarter. Institutional investors 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.