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

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHCI. Geode Capital Management LLC grew its holdings in shares of Comstock Holding Companies by 2.6% during the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock valued at $1,700,000 after purchasing an additional 4,371 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Comstock Holding Companies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after acquiring an additional 1,888 shares during the last quarter. Barclays PLC acquired a new stake in shares of Comstock Holding Companies during the 4th quarter valued at $40,000. Finally, Renaissance Technologies LLC lifted its position in shares of Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

Analysts Set New Price Targets

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

Comstock Holding Companies Stock Down 1.2 %

Shares of NASDAQ:CHCI traded down $0.08 during midday trading on Friday, reaching $6.48. The company’s stock had a trading volume of 7,026 shares, compared to its average volume of 21,712. The business has a 50 day moving average price of $7.81 and a 200 day moving average price of $8.71. Comstock Holding Companies has a 1 year low of $4.60 and a 1 year high of $14.48. The firm has a market cap of $64.08 million, a price-to-earnings ratio of 10.98 and a beta of 0.62.

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.