Short Interest in Harbor Custom Development, Inc. (NASDAQ:HCDI) Increases By 11.8%

( ) has seen a notable increase in short interest during the month of April. On April 15, there were 47,300 shorted shares. This is an increase of 11,8% compared to the total of 42 300 shares on March 31st. The short-interest rate is currently 0.6 days based on an average daily volume of 78.900 shares.

Institutional Investors weigh in on Harbor Custom Development

Recently, a hedge fund bought a new share of Harbor Custom Development. According to the latest filing made with the Securities and Exchange Commission, the institutional investor purchased 50,000 shares of the company's stock valued at approximately $44,000. The institutional investor bought 50,000 shares worth $44,000. As of the most recent Securities and Exchange Commission filing, Mattern Wealth Management LLC held approximately 0.35% in Harbor Custom Development. Trading on Monday saw a $0.07 decline, bringing the price to $3.90. The company traded 20,684 shares versus its normal volume of 65,851. The 50-day average price of the stock is $4.32, and its 200-day average price is $1.92. The company's debt-to equity ratio is 11.27. Its quick ratio is 1.51 and its current ratio is 1.51. Harbor Custom Development's low for the past year was $3.15, and its high was $76.00. The company has a $2.80 million market capitalization, a P/E of -0.11 as well as a beta value of 0.53

About Harbor Custom Development

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Harbor Custom Development, Inc is a real-estate development company that operates in Washington, California, Texas, Florida, and other states. The company's activities include land acquisition, entitlements and development, construction of infrastructure for projects, vertical construction (single and multi-family), marketing, sales and management of residential projects.

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