Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Declines By 38.6%

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 12,700 shares, a decline of 38.6% from the September 30th total of 20,700 shares. Based on an average daily trading volume, of 26,300 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company's stock are sold short.

Comstock Holding Companies Trading Up 8.4 %

CHCI stock traded up $0.84 during midday trading on Friday, hitting $10.89. 43,501 shares of the company's stock were exchanged, compared to its average volume of 19,420. The firm has a 50 day moving average price of $9.12 and a 200-day moving average price of $7.49. Comstock Holding Companies has a 12-month low of $3.90 and a 12-month high of $14.48. The stock has a market capitalization of $106.99 million, a price-to-earnings ratio of 13.96 and a beta of 0.76.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $0.09 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 17.94% and a return on equity of 22.51%. The business had revenue of $10.75 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Comstock Holding Companies in a research note on Friday, October 11th. They set a "buy" rating for the company.

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.