Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Down 58.1% in January

Comstock Holding Companies, Inc. (NASDAQ:CHCI) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 7,500 shares, a drop of 58.1% from the January 15th total of 17,900 shares. Based on an average trading volume of 19,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com cut Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Hedge Funds Weigh In On Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Renaissance Technologies LLC boosted its position in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 151,479 shares of the construction company’s stock after purchasing an additional 2,100 shares during the period. Renaissance Technologies LLC owned about 1.53% of Comstock Holding Companies worth $1,224,000 at the end of the most recent quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Comstock Holding Companies Stock Down 0.6 %

Comstock Holding Companies stock traded down $0.05 during mid-day trading on Thursday, reaching $8.01. The company had a trading volume of 6,301 shares, compared to its average volume of 14,313. Comstock Holding Companies has a 52 week low of $4.55 and a 52 week high of $14.48. The company has a 50 day moving average of $8.22 and a 200-day moving average of $8.64. The firm has a market cap of $79.17 million, a price-to-earnings ratio of 13.57 and a beta of 0.66.

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.