Short Interest in Comstock Holding Companies, Inc. (NASDAQ:CHCI) Rises By 169.8%

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 11,600 shares, an increase of 169.8% from the March 31st total of 4,300 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

CHCI has been the topic of a number of research analyst reports. TheStreet cut shares of Comstock Holding Companies from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. StockNews.com initiated coverage on shares of Comstock Holding Companies in a research note on Wednesday. They issued a “buy” rating on the stock.

Comstock Holding Companies Stock Up 11.2 %

CHCI opened at $7.13 on Friday. The stock has a market cap of $69.95 million, a price-to-earnings ratio of 9.38 and a beta of 0.85. Comstock Holding Companies has a twelve month low of $3.47 and a twelve month high of $8.29. The company’s 50-day moving average price is $5.33 and its two-hundred day moving average price is $4.77.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings results on Thursday, March 21st. The construction company reported $0.18 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%. The company had revenue of $11.02 million for the quarter.

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.