Clipper Realty Inc. (NYSE:CLPR) Short Interest Update

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 701,900 shares, an increase of 33.7% from the December 15th total of 525,100 shares. Based on an average trading volume of 159,900 shares, the days-to-cover ratio is presently 4.4 days. Approximately 5.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Clipper Realty

Several hedge funds have recently bought and sold shares of CLPR. Charles Schwab Investment Management Inc. increased its stake in Clipper Realty by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock worth $180,000 after purchasing an additional 1,873 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Clipper Realty by 25.6% in the second quarter. Hsbc Holdings PLC now owns 24,770 shares of the company’s stock valued at $87,000 after purchasing an additional 5,054 shares in the last quarter. Geode Capital Management LLC increased its stake in Clipper Realty by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock worth $1,669,000 after buying an additional 9,009 shares during the period. Marshall Wace LLP acquired a new stake in Clipper Realty during the 2nd quarter worth approximately $38,000. Finally, JPMorgan Chase & Co. boosted its position in Clipper Realty by 72.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,216 shares of the company’s stock valued at $144,000 after buying an additional 10,571 shares during the period. Institutional investors and hedge funds own 37.57% of the company’s stock.

Clipper Realty Trading Down 3.3 %

Clipper Realty stock traded down $0.14 during trading on Thursday, hitting $4.05. The company had a trading volume of 98,398 shares, compared to its average volume of 106,680. The stock has a market cap of $65.12 million, a price-to-earnings ratio of -13.97 and a beta of 1.25. Clipper Realty has a 1-year low of $3.38 and a 1-year high of $7.12. The company’s 50 day simple moving average is $5.00 and its 200-day simple moving average is $4.98.

Clipper Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.38 annualized dividend and a dividend yield of 9.38%. Clipper Realty’s dividend payout ratio is presently -131.03%.

About Clipper Realty

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.