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

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

Institutional Trading of Comstock Holding Companies

A number of institutional investors and hedge funds have recently modified their holdings of CHCI. Barclays PLC bought a new position in Comstock Holding Companies during the fourth quarter worth about $40,000. Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 1,888 shares during the period. Renaissance Technologies LLC boosted its stake 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 valued at $1,224,000 after buying an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 acquiring an additional 4,433 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Comstock Holding Companies in a research note on Sunday. They issued a “hold” rating for the company.

Comstock Holding Companies Price Performance

Shares of CHCI stock traded down $0.05 on Monday, hitting $9.44. The company’s stock had a trading volume of 41,430 shares, compared to its average volume of 23,740. The firm’s fifty day moving average price is $7.85 and its 200-day moving average price is $8.79. 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 capitalization of $93.36 million, a price-to-earnings ratio of 16.47 and a beta of 0.62.

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

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.