Comstock Holding Companies, Inc. (NASDAQ:CHCI) Sees Significant Growth in Short Interest

Posted by Jeff Wilder on Jun 28th, 2024

Comstock Holding Companies, Inc. (NASDAQ:CHCI – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 16,700 shares, a growth of 595.8% from the May 31st total of 2,400 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 29,300 shares, the short-interest ratio is currently 0.6 days.

Comstock Holding Companies Price Performance

Shares of CHCI stock traded up $0.32 on Friday, hitting $6.58. 2,975 shares of the stock traded hands, compared to its average volume of 13,883. The firm has a market cap of $64.62 million, a price-to-earnings ratio of 8.44 and a beta of 0.71. Comstock Holding Companies has a 52 week low of $3.70 and a 52 week high of $8.56. The firm has a 50 day simple moving average of $6.81 and a two-hundred day simple moving average of $5.51.

Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The construction company reported $0.09 EPS for the quarter. The firm had revenue of $10.64 million for the quarter. Comstock Holding Companies had a net margin of 17.61% and a return on equity of 22.60%.

Wall Street Analysts Forecast Growth

CHCI has been the topic of several recent research reports. StockNews.com downgraded shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. TheStreet downgraded shares of Comstock Holding Companies from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th.

Read Our Latest Report on CHCI

Comstock Holding Companies Company Profile

(Get Free Report)

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.