Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Drops By 57.4%

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,300 shares, a decrease of 57.4% from the February 13th total of 10,100 shares. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company's shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Comstock Holding Companies in a report on Thursday, March 6th. They issued a "hold" rating on the stock.

Hedge Funds Weigh In On Comstock Holding Companies

Several large investors have recently made changes to their positions in CHCI. Barclays PLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter worth approximately $40,000. Dimensional Fund Advisors LP increased its stake in 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 increased its stake in Comstock Holding Companies by 1.4% during the 4th 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. Finally, Geode Capital Management LLC increased its stake in Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock worth $1,395,000 after buying an additional 4,433 shares during the period. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Comstock Holding Companies Stock Performance

Shares of CHCI stock opened at $6.97 on Thursday. The firm's 50 day moving average price is $7.88 and its 200-day moving average price is $8.73. Comstock Holding Companies has a one year low of $4.60 and a one year high of $14.48. The firm has a market cap of $68.93 million, a P/E ratio of 11.81 and a beta of 0.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads