Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Increases By 46.5%

Comstock Holding Companies, Inc. (NASDAQ:CHCI) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,300 shares, an increase of 46.5% from the February 28th total of 4,300 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 18,300 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Comstock Holding Companies in a report on Sunday. They issued a “hold” rating for the company.

Comstock Holding Companies Price Performance

Shares of CHCI stock traded down $0.05 on Monday, reaching $9.44. 41,430 shares of the stock were exchanged, compared to its average volume of 23,740. The stock has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.79. The stock has a market cap of $93.36 million, a PE ratio of 16.47 and a beta of 0.62. Comstock Holding Companies has a one year low of $5.01 and a one year high of $14.48.

Comstock Holding Companies (NASDAQ:CHCI) last released its earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $16.91 million for 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 previous year, the company posted $0.18 earnings per share.

Hedge Funds Weigh In On Comstock Holding Companies

Several large investors have recently bought and sold shares of the business. Barclays PLC bought a new stake in shares of Comstock Holding Companies during the 4th quarter valued at $40,000. Dimensional Fund Advisors LP grew its stake in shares of 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 purchasing an additional 1,888 shares during the period. Renaissance Technologies LLC increased its holdings 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 purchasing an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 buying an additional 4,433 shares during the period. 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.