Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Update

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 151,600 shares, a decrease of 21.2% from the January 31st total of 192,400 shares. Based on an average daily trading volume, of 510,900 shares, the short-interest ratio is presently 0.3 days. Currently, 1.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a report on Friday, January 10th. They set a “sell” rating for the company.

Institutional Trading of Creative Media & Community Trust Co.

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of Creative Media & Community Trust Co. by 843.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock worth $909,000 after buying an additional 3,611,442 shares during the period. Cerity Partners LLC boosted its holdings in shares of Creative Media & Community Trust Co. by 27.5% during the fourth quarter. Cerity Partners LLC now owns 3,623,573 shares of the real estate investment trust’s stock worth $818,000 after purchasing an additional 781,837 shares during the period. Y.D. More Investments Ltd lifted its holdings in Creative Media & Community Trust Co. by 2.0% in the 4th quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 16,763 shares during the period. Renaissance Technologies LLC increased its stake in shares of Creative Media & Community Trust Co. by 1,228.7% during the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 643,535 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Creative Media & Community Trust Co. by 229.9% during the fourth quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 432,056 shares in the last quarter. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of CMCT traded down $0.02 during midday trading on Tuesday, reaching $0.67. The stock had a trading volume of 44,751 shares, compared to its average volume of 596,404. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The company has a market capitalization of $5.76 million, a price-to-earnings ratio of -0.02 and a beta of 0.42. The company’s 50-day moving average is $1.00 and its 200 day moving average is $5.98. Creative Media & Community Trust Co. has a 12-month low of $0.63 and a 12-month high of $44.02.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.