Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Grows By 58.2%

Comstock Holding Companies, Inc. (NASDAQ:CHCIGet Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 23,100 shares, an increase of 58.2% from the March 15th total of 14,600 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is currently 1.5 days.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new position in Comstock Holding Companies in the 2nd quarter valued at $110,000. Dimensional Fund Advisors LP acquired a new position in Comstock Holding Companies in the 3rd quarter valued at $164,000. Finally, Geode Capital Management LLC raised its holdings in Comstock Holding Companies by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 132,209 shares of the construction company’s stock valued at $632,000 after acquiring an additional 5,457 shares in the last quarter. 8.21% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ CHCI opened at $5.44 on Friday. The stock has a market capitalization of $45.37 million, a PE ratio of 3.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.31 and a quick ratio of 3.31. The business has a fifty day moving average price of $5.07 and a two-hundred day moving average price of $4.82. Comstock Holding Companies has a fifty-two week low of $4.10 and a fifty-two week high of $8.24.

Separately, initiated coverage on Comstock Holding Companies in a report on Monday, April 11th. They set a “buy” rating for the company.

About Comstock Holding Companies (Get Rating)

Comstock Holding Companies, Inc develops, operates, and manages properties in the greater Washington, DC metropolitan area. The company operates through two segments, Asset Management and Real Estate Services. The Asset Management segment provides management services to a range of real estate owners and businesses that include various commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and urban transit-oriented developments.

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