Short Interest in Clipper Realty Inc. (NYSE:CLPR) Rises By 33.7%

Clipper Realty Inc. (NYSE:CLPR) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 701,900 shares, a growth of 33.7% from the December 31st total of 525,100 shares. Based on an average daily volume of 159,900 shares, the days-to-cover ratio is currently 4.4 days. Approximately 5.2% of the company’s shares are sold short.

Clipper Realty Stock Performance

Shares of Clipper Realty stock traded down $0.07 on Friday, reaching $4.08. The company had a trading volume of 51,113 shares, compared to its average volume of 89,501. The firm’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $5.00. The firm has a market cap of $65.62 million, a PE ratio of -14.07 and a beta of 1.25. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Thursday, October 31st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.15). Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.17%. The business had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $38.00 million. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, sell-side analysts predict that Clipper Realty will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Clipper Realty

Large investors have recently added to or reduced their stakes in the business. D Orazio & Associates Inc. purchased a new stake in shares of Clipper Realty in the 4th quarter valued at approximately $47,000. Marshall Wace LLP purchased a new stake in shares of Clipper Realty in the 2nd quarter valued at approximately $38,000. Pitcairn Co. purchased a new stake in shares of Clipper Realty in the 3rd quarter valued at approximately $62,000. Kathmere Capital Management LLC purchased a new stake in shares of Clipper Realty in the 4th quarter valued at approximately $78,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Clipper Realty by 25.6% in the 2nd quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after buying an additional 5,054 shares in the last quarter. 37.57% of the stock is owned by hedge funds and other institutional investors.

Clipper Realty Company Profile

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.