Comstock Holding Companies, Inc. (NASDAQ:CHCI) Sees Large Decline in Short Interest

Comstock Holding Companies, Inc. (NASDAQ:CHCI) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 5,100 shares, a decrease of 36.3% from the June 30th total of 8,000 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 20,800 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Friday, June 21st.

Insider Buying and Selling

In other news, COO Timothy Steffan sold 5,911 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $7.89, for a total transaction of $46,637.79. Following the transaction, the chief operating officer now owns 95,221 shares in the company, valued at $751,293.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 39.95% of the stock is owned by insiders.

Comstock Holding Companies Price Performance

Comstock Holding Companies stock traded up $0.14 during midday trading on Monday, reaching $6.46. The company’s stock had a trading volume of 3,540 shares, compared to its average volume of 15,806. The stock has a market capitalization of $63.44 million, a P/E ratio of 8.10 and a beta of 0.74. Comstock Holding Companies has a 52-week low of $3.85 and a 52-week high of $8.56. The stock’s 50-day simple moving average is $6.34 and its 200-day simple moving average is $5.82.

Comstock Holding Companies (NASDAQ:CHCI) last posted its earnings results on Tuesday, May 14th. The construction company reported $0.09 earnings per share for the quarter. Comstock Holding Companies had a net margin of 17.61% and a return on equity of 22.60%. The firm had revenue of $10.64 million during 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.