Short Interest in Harbor Custom Development, Inc. (NASDAQ:HCDI) Increases By 231.1%

Harbor Custom Development, Inc. (NASDAQ:HCDI – Get Rating) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 240,400 shares, a growth of 231.1% from the April 30th total of 72,600 shares. Based on an average trading volume of 553,300 shares, the short-interest ratio is currently 0.4 days.

Harbor Custom Development Stock Performance

Shares of Harbor Custom Development stock traded up $0.22 during trading hours on Friday, reaching $3.96. The company had a trading volume of 411,903 shares, compared to its average volume of 364,480. The firm has a market cap of $2.85 million, a PE ratio of -0.09 and a beta of 0.53. Harbor Custom Development has a one year low of $3.15 and a one year high of $38.00. The business has a fifty day simple moving average of $4.93 and a 200 day simple moving average of $2.47. The company has a debt-to-equity ratio of 25.81, a current ratio of 1.00 and a quick ratio of 1.00.

Harbor Custom Development (NASDAQ:HCDI – Get Rating) last posted its quarterly earnings data on Friday, March 31st. The company reported ($12.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.40) by ($9.45). The business had revenue of $4.80 million for the quarter, compared to the consensus estimate of $12.60 million. Harbor Custom Development had a negative net margin of 65.06% and a negative return on equity of 108.57%.

About Harbor Custom Development

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Harbor Custom Development, Inc operates as a real estate development company in Washington, California, Texas, and Florida. The company is involved in land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, sales, and management of various residential projects.