Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Drops By 58.1%

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,500 shares, a drop of 58.1% from the January 15th total of 17,900 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 19,500 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Renaissance Technologies LLC lifted its holdings in Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,479 shares of the construction company’s stock after purchasing an additional 2,100 shares during the quarter. Renaissance Technologies LLC owned 1.53% of Comstock Holding Companies worth $1,224,000 as of its most recent filing with the SEC. 6.45% of the stock is owned by institutional investors.

Comstock Holding Companies Stock Down 0.6 %

CHCI stock traded down $0.05 during trading on Thursday, hitting $8.01. 6,301 shares of the company’s stock traded hands, compared to its average volume of 14,313. The stock has a fifty day moving average price of $8.22 and a two-hundred day moving average price of $8.64. Comstock Holding Companies has a 52 week low of $4.55 and a 52 week high of $14.48. The stock has a market capitalization of $79.17 million, a price-to-earnings ratio of 13.57 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

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.