Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Up 23.2% in February

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 186,700 shares, an increase of 23.2% from the February 13th total of 151,600 shares. Based on an average daily volume of 511,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Creative Media & Community Trust Co. Stock Down 2.7 %

Shares of NASDAQ CMCT opened at $0.29 on Thursday. Creative Media & Community Trust Co. has a 52-week low of $0.22 and a 52-week high of $44.01. The firm has a market capitalization of $3.78 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. The stock has a 50 day moving average price of $0.72 and a 200 day moving average price of $4.41. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The business had revenue of $27.46 million during the quarter. During the same period in the previous year, the business posted ($6.66) earnings per share. Sell-side analysts expect that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in shares of Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 51,766 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Creative Media & Community Trust Co. by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 118,275 shares during the period. International Assets Investment Management LLC raised its position in shares of Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 109,425 shares in the last quarter. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $39,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Creative Media & Community Trust Co. during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

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.