Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Up 72.0% in March

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,300 shares, an increase of 72.0% from the March 15th total of 2,500 shares. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHCI. TheStreet cut shares of Comstock Holding Companies from a "b-" rating to a "c+" rating in a research note on Tuesday, March 12th. StockNews.com began coverage on shares of Comstock Holding Companies in a research note on Monday. They issued a "buy" rating for the company.

Comstock Holding Companies Stock Performance

Shares of NASDAQ CHCI traded up $0.82 during midday trading on Thursday, reaching $6.29. The stock had a trading volume of 172,110 shares, compared to its average volume of 8,189. The stock has a 50-day moving average of $4.87 and a 200-day moving average of $4.59. The company has a market capitalization of $61.70 million, a price-to-earnings ratio of 8.28 and a beta of 0.85. Comstock Holding Companies has a 12-month low of $3.47 and a 12-month high of $6.63.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its earnings results on Thursday, March 21st. The construction company reported $0.18 earnings per share for the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%. The firm had revenue of $11.02 million during the quarter.

Hedge Funds Weigh In On Comstock Holding Companies

A number of hedge funds and other institutional investors have recently modified their holdings of CHCI. Dimensional Fund Advisors LP boosted its position in shares of Comstock Holding Companies by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company's stock worth $134,000 after acquiring an additional 5,849 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Comstock Holding Companies by 3.8% during the second quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company's stock worth $668,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Comstock Holding Companies by 56.0% during the second quarter. Royal Bank of Canada now owns 32,126 shares of the construction company's stock valued at $134,000 after purchasing an additional 11,526 shares during the last quarter. Institutional investors own 6.45% of the company's stock.

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.

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