Clipper Realty Inc (NYSE:CLPR) Short Interest Update

Clipper Realty Inc (NYSE:CLPR) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 94,600 shares, a drop of 5.4% from the May 15th total of 100,000 shares. Based on an average daily volume of 27,800 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.6% of the shares of the stock are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of CLPR. BNP Paribas Arbitrage SA grew its position in shares of Clipper Realty by 52,383.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,149 shares of the company’s stock worth $42,000 after buying an additional 3,143 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in Clipper Realty during the first quarter valued at $148,000. Rhumbline Advisers raised its stake in Clipper Realty by 38.3% during the fourth quarter. Rhumbline Advisers now owns 21,034 shares of the company’s stock valued at $275,000 after buying an additional 5,824 shares during the last quarter. AJO LP raised its stake in Clipper Realty by 18.2% during the first quarter. AJO LP now owns 40,023 shares of the company’s stock valued at $536,000 after buying an additional 6,172 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. raised its stake in Clipper Realty by 915.6% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 137,100 shares of the company’s stock valued at $536,000 after buying an additional 123,600 shares during the last quarter. Institutional investors and hedge funds own 69.61% of the company’s stock.

Several research analysts have commented on the company. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James reaffirmed a “market perform” rating and issued a C$43.00 price target on shares of Snc-Lavalin Group in a report on Wednesday, March 27th. Finally, Zacks Investment Research cut Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th.

Shares of NYSE CLPR traded down $0.20 during trading hours on Friday, reaching $10.49. 12,701 shares of the stock traded hands, compared to its average volume of 72,790. The business’s 50-day moving average is $11.95. Clipper Realty has a 52-week low of $9.93 and a 52-week high of $14.38. The stock has a market cap of $186.88 million, a P/E ratio of 23.31 and a beta of 0.05.

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.

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