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

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the recipient of a large drop in short interest during 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is currently 0.3 days.

Comstock Holding Companies Stock Performance

CHCI stock opened at $6.97 on Thursday. Comstock Holding Companies has a one year low of $4.60 and a one year high of $14.48. The stock has a market capitalization of $68.93 million, a PE ratio of 11.81 and a beta of 0.62. The company has a fifty day moving average of $7.88 and a 200-day moving average of $8.73.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Comstock Holding Companies in a research report on Thursday, March 6th. They issued a “hold” rating on the stock.

Institutional Trading of Comstock Holding Companies

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Comstock Holding Companies by 2.6% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 in the last quarter. Barclays PLC purchased a new position in Comstock Holding Companies during the 4th quarter valued at about $40,000. Finally, Renaissance Technologies LLC increased its holdings in 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 in the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.