Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Expands By 122.1%

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 141,500 shares, an increase of 122.1% from the November 30th total of 63,700 shares. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Creative Media & Community Trust Co.

A number of institutional investors and hedge funds have recently modified their holdings of CMCT. International Assets Investment Management LLC bought a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $29,000. EWG Elevate Inc. bought a new stake in Creative Media & Community Trust Co. during the third quarter worth about $37,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $39,000. Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth $47,000. Finally, Carnegie Investment Counsel bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $50,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Stock Performance

NASDAQ CMCT opened at $0.17 on Friday. The company has a fifty day moving average price of $0.29 and a 200-day moving average price of $1.36. The firm has a market cap of $15.01 million, a price-to-earnings ratio of -0.06 and a beta of 0.45. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. Creative Media & Community Trust Co. has a 1 year low of $0.11 and a 1 year high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The business had revenue of $28.62 million for the quarter. During the same period in the prior year, the business posted ($0.30) earnings per share. As a group, equities research analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Creative Media & Community Trust Co. in a report on Wednesday. They set a “sell” rating for the company.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.