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

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 7,500 shares, a drop of 58.1% from the January 15th total of 17,900 shares. Approximately 0.2% of the company's stock are sold short. Based on an average daily volume of 19,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Comstock Holding Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Comstock Holding Companies by 5.9% during the fourth 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 during the period. Renaissance Technologies LLC lifted its position in shares of Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock valued at $1,224,000 after buying an additional 2,100 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Comstock Holding Companies by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company's stock valued at $1,700,000 after acquiring an additional 4,371 shares during the period. Finally, Barclays PLC purchased a new stake in Comstock Holding Companies in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 6.45% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Comstock Holding Companies from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th.

Comstock Holding Companies Price Performance

Shares of CHCI traded up $0.15 during trading hours on Monday, hitting $8.09. The stock had a trading volume of 24,242 shares, compared to its average volume of 14,705. Comstock Holding Companies has a 12 month low of $4.55 and a 12 month high of $14.48. The stock has a fifty day moving average price of $8.19 and a 200 day moving average price of $8.68. The firm has a market capitalization of $80.01 million, a PE ratio of 13.71 and a beta of 0.66.

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.