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

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the recipient of a significant increase in short interest in the month of 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 daily volume of 18,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Comstock Holding Companies in a research note on Sunday. They issued a "hold" rating on the stock.

Comstock Holding Companies Stock Up 3.9 %

NASDAQ CHCI traded up $0.34 during trading hours on Tuesday, hitting $8.96. 27,201 shares of the stock were exchanged, compared to its average volume of 23,997. The company has a market cap of $88.61 million, a price-to-earnings ratio of 15.19 and a beta of 0.62. Comstock Holding Companies has a 12-month low of $5.01 and a 12-month high of $14.48. The stock has a 50-day moving average of $7.87 and a 200 day moving average of $8.80.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share (EPS) for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The business had revenue of $16.91 million during the quarter. During the same period last year, the company posted $0.18 earnings per share.

Remove Ads

Institutional Investors Weigh In On Comstock Holding Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of CHCI. Geode Capital Management LLC increased its holdings in shares of Comstock Holding Companies by 2.6% in the 3rd 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 in the last quarter. Renaissance Technologies LLC grew its position 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 buying an additional 2,100 shares during the period. Barclays PLC purchased a new position in Comstock Holding Companies in the fourth quarter valued at about $40,000. Finally, 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 valued at $272,000 after acquiring an additional 1,888 shares during the period. Institutional investors and hedge funds 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.