Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Up 67.1% in May

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 38,100 shares, an increase of 67.1% from the May 15th total of 22,800 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th.

Insider Activity at Comstock Holding Companies

In other news, Director David M. Guernsey sold 3,340 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.00, for a total value of $33,400.00. Following the sale, the director now owns 46,527 shares of the company's stock, valued at approximately $465,270. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Timothy Steffan sold 4,425 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.00, for a total transaction of $44,250.00. Following the completion of the sale, the chief operating officer now directly owns 105,540 shares in the company, valued at approximately $1,055,400. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock valued at $200,067 over the last 90 days. 36.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CHCI. Geode Capital Management LLC lifted its holdings 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 valued at $1,395,000 after buying an additional 4,433 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 valued at $1,224,000 after buying an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $272,000 after buying an additional 1,888 shares in the last quarter. Finally, Barclays PLC bought a new stake in Comstock Holding Companies during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 6.45% of the company's stock.

Comstock Holding Companies Trading Down 0.5%

Shares of CHCI opened at $10.02 on Friday. Comstock Holding Companies has a twelve month low of $6.14 and a twelve month high of $14.48. The company has a market cap of $100.66 million, a P/E ratio of 16.98 and a beta of 0.06. The company's fifty day simple moving average is $9.99 and its 200-day simple moving average is $8.74.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share for the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. The business had revenue of $12.64 million for the quarter.

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.

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.