Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Down 24.4% in April

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 13,600 shares, a decrease of 24.4% from the March 31st total of 18,000 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company's stock are short sold.

Hedge Funds Weigh In On Comstock Holding Companies

Several large investors have recently bought and sold shares of CHCI. Barclays PLC purchased a new stake in shares of Comstock Holding Companies in the 4th quarter valued at about $40,000. Dimensional Fund Advisors LP increased its position 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 buying an additional 1,888 shares during the period. Renaissance Technologies LLC lifted its stake in Comstock Holding Companies by 1.4% in the fourth 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 during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock valued at $1,395,000 after acquiring an additional 4,433 shares during the period. Institutional investors and hedge funds own 6.45% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Comstock Holding Companies in a report on Wednesday, April 23rd. They set a "buy" rating for the company.

Comstock Holding Companies Stock Up 0.6 %

CHCI traded up $0.06 on Friday, reaching $10.03. The company's stock had a trading volume of 13,441 shares, compared to its average volume of 22,984. The company has a market capitalization of $100.76 million, a price-to-earnings ratio of 17.00 and a beta of 0.14. Comstock Holding Companies has a fifty-two week low of $5.90 and a fifty-two week high of $14.48. The stock has a 50 day moving average of $8.63 and a two-hundred day moving average of $8.74.

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

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.