Short Interest in Comstock Holding Companies Inc (NASDAQ:CHCI) Drops By 45.9%

Comstock Holding Companies Inc (NASDAQ:CHCI) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 10,000 shares, a drop of 45.9% from the May 30th total of 18,500 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are short sold.

NASDAQ CHCI traded up $0.06 on Friday, hitting $2.68. The company’s stock had a trading volume of 17,972 shares, compared to its average volume of 6,297. Comstock Holding Companies has a 52-week low of $1.62 and a 52-week high of $3.34. The firm’s 50-day simple moving average is $2.67.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings data on Wednesday, May 15th. The construction company reported $0.02 earnings per share for the quarter. The business had revenue of $11.36 million during the quarter. Comstock Holding Companies had a negative return on equity of 221.55% and a negative net margin of 6.28%.

About Comstock Holding Companies

Comstock Holding Companies, Inc operates as a real estate development and services company primarily in the mid-Atlantic region, the United States. It operates through three segments: Homebuilding, Asset Management, and Real Estate Services. The company builds multi-family units, single-family homes, townhouses, mid-rise and high-rise condominiums, and mixed-use developments.

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