Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Drops By 57.4%

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 4,300 shares, a drop of 57.4% from the February 13th total of 10,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Comstock Holding Companies

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Comstock Holding Companies by 2.6% in 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 in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Comstock Holding Companies by 1.4% in the 4th 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. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $272,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter worth approximately $40,000. 6.45% of the stock is owned by institutional investors and hedge funds.

Comstock Holding Companies Stock Down 1.2 %

CHCI traded down $0.08 during midday trading on Friday, reaching $6.48. 7,026 shares of the company’s stock were exchanged, compared to its average volume of 21,712. The business has a 50-day simple moving average of $7.81 and a two-hundred day simple moving average of $8.71. The firm has a market capitalization of $64.08 million, a price-to-earnings ratio of 10.98 and a beta of 0.62. Comstock Holding Companies has a one year low of $4.60 and a one year high of $14.48.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Comstock Holding Companies in a research note on Friday. They issued a “hold” rating for the company.

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.