Comstock Holding Companies, Inc. (NASDAQ:CHCI) Sees Large Increase in Short Interest

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,000 shares, an increase of 185.7% from the March 15th total of 6,300 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Comstock Holding Companies

Several institutional investors have recently made changes to their positions in CHCI. Dimensional Fund Advisors LP increased its stake 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 worth $272,000 after acquiring an additional 1,888 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Comstock Holding Companies by 1.4% during the fourth 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. Geode Capital Management LLC boosted its position 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 worth $1,700,000 after purchasing an additional 4,371 shares during the period. Finally, Barclays PLC acquired a new stake in Comstock Holding Companies in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 6.45% of the company's stock.

Comstock Holding Companies Price Performance

NASDAQ CHCI traded up $0.44 during trading hours on Friday, hitting $10.45. 76,312 shares of the company's stock traded hands, compared to its average volume of 24,027. The firm's 50-day moving average is $8.13 and its 200-day moving average is $8.81. Comstock Holding Companies has a 52-week low of $5.90 and a 52-week high of $14.48. The company has a market capitalization of $104.98 million, a PE ratio of 17.71 and a beta of 0.39.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The construction company reported $0.99 EPS for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The firm had revenue of $16.91 million for the quarter. During the same quarter in the previous year, the business posted $0.18 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Comstock Holding Companies in a research note on Tuesday, April 15th. They issued a "hold" rating for the company.

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.