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

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the recipient of a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 34,500 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the company's shares are short sold.

Comstock Holding Companies Trading Up 2.4%

NASDAQ CHCI traded up $0.24 during trading hours on Wednesday, hitting $10.09. The company's stock had a trading volume of 2,715 shares, compared to its average volume of 23,263. The company has a market capitalization of $101.35 million, a PE ratio of 6.91 and a beta of 0.06. Comstock Holding Companies has a 52 week low of $6.14 and a 52 week high of $14.48. The company's 50-day simple moving average is $10.04 and its two-hundred day simple moving average is $8.76.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter. Comstock Holding Companies had a return on equity of 32.61% and a net margin of 28.59%. The business had revenue of $12.64 million during the quarter.

Insider Buying and Selling at Comstock Holding Companies

In other Comstock Holding Companies news, Director David M. Guernsey sold 6,660 shares of Comstock Holding Companies stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.01, for a total value of $66,666.60. Following the completion of the sale, the director now directly owns 49,867 shares of the company's stock, valued at approximately $499,168.67. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Timothy Steffan sold 4,425 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00. Following the transaction, the chief operating officer now directly owns 105,540 shares in the company, valued at $1,055,400. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,000 shares of company stock valued at $200,067. 36.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHCI. Barclays PLC bought a new position in Comstock Holding Companies in the 4th quarter valued at $40,000. Dimensional Fund Advisors LP raised 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 acquiring an additional 1,888 shares during the period. 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 worth $1,224,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Comstock Holding Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock worth $1,395,000 after purchasing an additional 4,433 shares during the period. 6.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.