Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Update

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 22,800 shares, an increase of 18.8% from the April 30th total of 19,200 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 33,000 shares, the short-interest ratio is currently 0.7 days.

Insiders Place Their Bets

In other news, COO Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00. Following the sale, the chief operating officer now owns 105,540 shares of the company's stock, valued at approximately $1,055,400. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 5,970 shares of company stock valued at $59,700 in the last three months. Company insiders own 36.18% of the company's stock.

Institutional Investors Weigh In On Comstock Holding Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 4,433 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock worth $1,224,000 after acquiring an additional 2,100 shares in the last quarter. Barclays PLC acquired a new position in Comstock Holding Companies during the 4th quarter worth approximately $40,000. Finally, Dimensional Fund Advisors LP boosted its position 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 worth $272,000 after acquiring an additional 1,888 shares during the last quarter. Institutional investors own 6.45% of the company's stock.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI traded down $0.13 during midday trading on Friday, reaching $9.71. The company's stock had a trading volume of 1,059 shares, compared to its average volume of 23,362. Comstock Holding Companies has a fifty-two week low of $5.90 and a fifty-two week high of $14.48. The company has a market capitalization of $97.50 million, a P/E ratio of 16.45 and a beta of 0.14. The business's fifty day simple moving average is $9.81 and its 200-day simple moving average is $8.69.

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

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on Comstock Holding Companies in a research note on Wednesday, April 23rd. They issued a "buy" rating on the 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.