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

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target of a significant decline in short interest in 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 0.3 days.

Comstock Holding Companies Stock Performance

Shares of NASDAQ:CHCI traded up $0.07 during trading on Friday, hitting $6.63. 1,736 shares of the stock were exchanged, compared to its average volume of 21,615. The company’s fifty day simple moving average is $7.84 and its 200-day simple moving average is $8.72. The company has a market capitalization of $65.56 million, a price-to-earnings ratio of 11.24 and a beta of 0.62. Comstock Holding Companies has a 1-year low of $4.60 and a 1-year high of $14.48.

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors and hedge funds have recently bought and sold shares of CHCI. Barclays PLC bought a new position in shares of Comstock Holding Companies during the 4th quarter worth about $40,000. Geode Capital Management LLC raised its position in Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after purchasing an additional 4,433 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after purchasing an additional 2,100 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after purchasing an additional 1,888 shares during the period. Institutional investors own 6.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Comstock Holding Companies Company Profile

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.