Short Interest in Clipper Realty Inc. (NYSE:CLPR) Rises By 33.7%

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

Clipper Realty Stock Down 1.7 %

NYSE:CLPR traded down $0.07 during mid-day trading on Friday, hitting $4.08. 51,113 shares of the company traded hands, compared to its average volume of 89,501. The stock’s fifty day moving average price is $4.64 and its 200-day moving average price is $5.00. Clipper Realty has a one year low of $3.38 and a one year high of $7.12. The firm has a market cap of $65.62 million, a price-to-earnings ratio of -14.07 and a beta of 1.25.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). The firm had revenue of $37.62 million during the quarter, compared to the consensus estimate of $38.00 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.17%. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities analysts predict that Clipper Realty will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CLPR. Charles Schwab Investment Management Inc. increased its holdings in Clipper Realty by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,569 shares of the company’s stock valued at $180,000 after acquiring an additional 1,873 shares during the last quarter. Hsbc Holdings PLC lifted its position 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 worth $87,000 after buying an additional 5,054 shares in the last quarter. Geode Capital Management LLC boosted its stake in Clipper Realty by 3.2% during the third quarter. Geode Capital Management LLC now owns 292,811 shares of the company’s stock valued at $1,669,000 after buying an additional 9,009 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in Clipper Realty during the 4th quarter valued at approximately $47,000. Finally, Marshall Wace LLP purchased a new position in Clipper Realty during the 2nd quarter valued at approximately $38,000. Institutional investors own 37.57% of the company’s stock.

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.