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

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) saw a significant growth in short interest in 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,400 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Comstock Holding Companies in a research report on Tuesday. They issued a "hold" rating for the company.

Comstock Holding Companies Trading Up 4.4 %

CHCI traded up $0.44 during trading on Friday, reaching $10.45. 76,312 shares of the company's stock were exchanged, compared to its average volume of 24,193. The firm has a fifty day moving average price of $8.13 and a two-hundred day moving average price of $8.82. The stock has a market capitalization of $104.98 million, a PE ratio of 17.71 and a beta of 0.39. Comstock Holding Companies has a one year low of $5.90 and a one year high of $14.48.

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

Hedge Funds Weigh In On Comstock Holding Companies

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC acquired a new stake in Comstock Holding Companies during the 4th quarter worth about $40,000. Dimensional Fund Advisors LP boosted 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 purchasing an additional 1,888 shares in the last quarter. Renaissance Technologies LLC grew 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 period. Finally, Geode Capital Management LLC increased its holdings in Comstock Holding Companies by 2.6% in 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 in 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.