Comstock Holding Companies, Inc. (NASDAQ:CHCI) Short Interest Update

Comstock Holding Companies, Inc. (NASDAQ:CHCI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 108,493 shares, an increase of 348.5% from the June 15th total of 24,189 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 65,774 shares, the short-interest ratio is currently 1.6 days.

Comstock Holding Companies Trading Down 0.7%

CHCI traded down $0.11 on Monday, hitting $15.39. The company had a trading volume of 7,019 shares, compared to its average volume of 21,933. The firm has a market cap of $157.13 million, a P/E ratio of 9.27 and a beta of -0.43. The company’s fifty day moving average price is $15.80 and its 200 day moving average price is $14.41. Comstock Holding Companies has a 1 year low of $10.14 and a 1 year high of $19.72.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings results on Thursday, May 14th. The construction company reported $0.19 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 25.79% and a return on equity of 27.54%. The business had revenue of $17.45 million for the quarter.

Insider Buying and Selling

In other Comstock Holding Companies news, COO Timothy Steffan sold 13,026 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.23, for a total value of $185,359.98. Following the transaction, the chief operating officer directly owned 122,741 shares of the company’s stock, valued at $1,746,604.43. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 35.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHCI. Geode Capital Management LLC boosted its position in shares of Comstock Holding Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock worth $1,625,000 after buying an additional 1,952 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock valued at $543,000 after buying an additional 2,704 shares during the period. Citadel Advisors LLC acquired a new position in Comstock Holding Companies during the 3rd quarter worth about $248,000. Susquehanna International Group LLP purchased a new position in Comstock Holding Companies during the 3rd quarter valued at about $244,000. Finally, NewEdge Advisors LLC grew its position in Comstock Holding Companies by 2,573.9% in the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after acquiring an additional 11,814 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CHCI shares. Wall Street Zen downgraded shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Comstock Holding Companies presently has a consensus rating of “Hold”.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc (NASDAQ: CHCI) is a diversified holding company that, through its primary operating subsidiary, focuses on the design, construction and operation of fiber optic network systems in the United States. The company delivers high-capacity connectivity solutions to broadband service providers, including dark fiber leasing, wavelength services, transport and last-mile connectivity. By partnering with carriers, cable operators and municipal entities, Comstock leverages its network infrastructure to support residential, commercial and institutional customers requiring scalable, reliable bandwidth.

Following the divestiture of its homebuilding division in 2013, Comstock has concentrated its capital and resources on expanding its fiber network footprint into select regional markets.