Clipper Realty Inc. (NYSE:CLPR) Sees Significant Growth in Short Interest

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 701,900 shares, a growth of 33.7% from the December 31st total of 525,100 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average daily volume of 159,900 shares, the days-to-cover ratio is presently 4.4 days.

Clipper Realty Stock Down 2.0 %

NYSE CLPR traded down $0.08 on Monday, hitting $4.00. The company's stock had a trading volume of 141,024 shares, compared to its average volume of 99,744. The company's 50-day moving average is $4.64 and its 200 day moving average is $5.01. The firm has a market cap of $64.27 million, a PE ratio of -13.78 and a beta of 1.24. Clipper Realty has a 1-year low of $3.38 and a 1-year high of $7.12.

Clipper Realty (NYSE:CLPR - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.15). The company had revenue of $37.62 million for the quarter, compared to analysts' expectations of $38.00 million. Clipper Realty had a negative net margin of 2.17% and a negative return on equity of 85.95%. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities analysts expect that Clipper Realty will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Clipper Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in shares of Clipper Realty during the 2nd quarter worth $38,000. D Orazio & Associates Inc. bought a new position in shares of Clipper Realty in the 4th quarter worth about $47,000. Pitcairn Co. purchased a new position in Clipper Realty during the third quarter valued at $62,000. Kathmere Capital Management LLC bought a new position in shares of Clipper Realty in the fourth quarter worth approximately $78,000. Finally, Hsbc Holdings PLC boosted its stake in Clipper Realty by 25.6% during the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company's stock valued at $87,000 after purchasing an additional 5,054 shares during the last quarter. 37.57% of the stock is currently owned by institutional investors.

About Clipper Realty

Clipper Realty Inc NYSE: CLPR is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.