Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Up 18.8% in May

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

Comstock Holding Companies Trading Up 2.4%

CHCI stock traded up $0.24 during trading on Friday, hitting $10.07. The company had a trading volume of 15,690 shares, compared to its average volume of 23,452. The company has a fifty day moving average price of $9.84 and a two-hundred day moving average price of $8.69. Comstock Holding Companies has a fifty-two week low of $5.91 and a fifty-two week high of $14.48. The company has a market cap of $101.16 million, a P/E ratio of 17.07 and a beta of 0.06.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a report on Friday.

Insider Buying and Selling at Comstock Holding Companies

In other news, COO Timothy Steffan sold 4,425 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.00, for a total transaction of $44,250.00. Following the completion of the transaction, the chief operating officer now owns 105,540 shares of the company's stock, valued at approximately $1,055,400. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 5,970 shares of company stock valued at $59,700 in the last 90 days. 36.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comstock Holding Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Comstock Holding Companies during the fourth quarter worth approximately $40,000. Geode Capital Management LLC grew its position in Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock worth $1,395,000 after acquiring an additional 4,433 shares during the last quarter. Renaissance Technologies LLC increased 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 valued at $1,224,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Comstock Holding Companies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company's stock valued at $272,000 after purchasing an additional 1,888 shares during the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.