Clipper Realty Inc (NYSE:CLPR) Short Interest Update

Clipper Realty Inc (NYSE:CLPR) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 464,300 shares, a growth of 68.3% from the September 30th total of 275,800 shares. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is currently 15.4 days. Currently, 3.1% of the shares of the stock are short sold.

A number of research firms recently commented on CLPR. B. Riley set a $18.00 target price on Clipper Realty and gave the stock a “buy” rating in a research report on Thursday, October 17th. Zacks Investment Research downgraded Clipper Realty from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, ValuEngine upgraded Clipper Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

Shares of NYSE:CLPR traded down $0.29 during mid-day trading on Thursday, reaching $9.01. The stock had a trading volume of 24,663 shares, compared to its average volume of 30,091. The company has a market cap of $176.37 million, a P/E ratio of 20.02 and a beta of 0.05. Clipper Realty has a 1 year low of $8.50 and a 1 year high of $14.10. The business’s 50 day moving average price is $9.63 and its 200 day moving average price is $11.21.

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Clipper Realty during the third quarter valued at approximately $26,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Clipper Realty in the 2nd quarter valued at about $178,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Clipper Realty by 6.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 35,812 shares of the company’s stock valued at $401,000 after buying an additional 2,200 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Clipper Realty in the 3rd quarter valued at about $616,000. Finally, Monarch Partners Asset Management LLC acquired a new position in shares of Clipper Realty in the 2nd quarter valued at about $789,000. Institutional investors own 70.81% of the company’s stock.

Clipper Realty Company Profile

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.

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