Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 10,300 shares, a drop of 15.6% from the March 31st total of 12,200 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 678,600 shares, the days-to-cover ratio is currently 0.0 days.
NASDAQ:CHCI traded down $0.44 during trading hours on Tuesday, hitting $4.71. The company’s stock had a trading volume of 984 shares, compared to its average volume of 558,340. The business’s 50-day moving average is $5.06 and its two-hundred day moving average is $4.00. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.46. Comstock Holding Companies has a 52-week low of $1.95 and a 52-week high of $15.72.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Comstock Holding Companies by 27.6% in the 4th quarter. Renaissance Technologies LLC now owns 171,784 shares of the construction company’s stock valued at $545,000 after purchasing an additional 37,200 shares in the last quarter. Virtu Financial LLC bought a new stake in Comstock Holding Companies during the fourth quarter valued at about $52,000. Finally, Bailard Inc. increased its position in Comstock Holding Companies by 24.2% during the fourth quarter. Bailard Inc. now owns 28,751 shares of the construction company’s stock worth $91,000 after acquiring an additional 5,600 shares during the period. 3.91% of the stock is currently owned by institutional investors.
Comstock Holding Companies, Inc develops, operates, and manages properties in the greater Washington, DC metropolitan area. The company operates through two segments, Asset Management and Real Estate Services. The Asset Management segment provides management services to a range of real estate owners and businesses that include various commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and urban transit-oriented developments.
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