Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Up 34.7% in February

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,100 shares, an increase of 34.7% from the January 31st total of 7,500 shares. Based on an average daily trading volume, of 15,500 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Comstock Holding Companies

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Comstock Holding Companies by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock worth $1,700,000 after purchasing an additional 4,371 shares during the period. Dimensional Fund Advisors LP lifted 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 in the last quarter. Barclays PLC purchased a new stake in shares of Comstock Holding Companies in the fourth quarter worth about $40,000. Finally, Renaissance Technologies LLC grew its stake 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 valued at $1,224,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

Comstock Holding Companies Stock Performance

CHCI traded up $0.64 on Wednesday, reaching $7.04. 15,172 shares of the company’s stock were exchanged, compared to its average volume of 21,567. Comstock Holding Companies has a twelve month low of $4.60 and a twelve month high of $14.48. The company’s 50 day moving average is $7.99 and its 200-day moving average is $8.75. The company has a market cap of $69.62 million, a price-to-earnings ratio of 11.93 and a beta of 0.66.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Comstock Holding Companies in a report on Wednesday, February 26th. They issued a “hold” rating on the stock.

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.