Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Up 662.5% in January

Comstock Holding Companies, Inc. (NASDAQ:CHCIGet Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 6,100 shares, a growth of 662.5% from the January 15th total of 800 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $4.73 on Tuesday. Comstock Holding Companies has a 12 month low of $3.47 and a 12 month high of $6.94. The business’s 50 day simple moving average is $4.54 and its 200-day simple moving average is $4.46. The firm has a market capitalization of $45.64 million, a price-to-earnings ratio of 6.66 and a beta of 0.86.

Institutional Investors Weigh In On Comstock Holding Companies

A number of institutional investors and hedge funds have recently bought and sold shares of CHCI. Royal Bank of Canada lifted its stake in Comstock Holding Companies by 56.0% in the 2nd quarter. Royal Bank of Canada now owns 32,126 shares of the construction company’s stock valued at $134,000 after buying an additional 11,526 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Comstock Holding Companies by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company’s stock valued at $134,000 after acquiring an additional 5,849 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Comstock Holding Companies by 3.8% in the 2nd quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company’s stock valued at $668,000 after acquiring an additional 5,800 shares during the last quarter. Hedge funds and other institutional investors own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Comstock Holding Companies in a research note on Monday. They set a “buy” rating on the stock.

View Our Latest Stock Report on CHCI

About Comstock Holding Companies

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Comstock Holding Companies, Inc operates as a real estate asset manager 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 provides a suite of asset management, property management, development and construction management, and other real estate services to its asset-owning clients composes primarily of institutional real estate investors, high net worth family offices, and governmental bodies with surplus real estate holdings.

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