Creative Media & Community Trust Co. (NASDAQ:CMCT) Sees Large Decline in Short Interest

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 24,900 shares, a drop of 82.4% from the December 31st total of 141,500 shares. Based on an average daily trading volume, of 393,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of hedge funds have recently modified their holdings of the business. Cerity Partners LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at $1,397,000. Arkadios Wealth Advisors bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $548,000. PFG Investments LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at about $266,000. Newbridge Financial Services Group Inc. bought a new position in shares of Creative Media & Community Trust Co. during the fourth quarter worth about $49,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $65,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Trading Down 4.6 %

Shares of CMCT stock traded down $0.04 during mid-day trading on Wednesday, reaching $0.87. 37,775 shares of the stock traded hands, compared to its average volume of 1,158,887. The company has a market cap of $7.54 million, a price-to-earnings ratio of -0.03 and a beta of 0.46. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock’s fifty day simple moving average is $1.72 and its two-hundred day simple moving average is $9.57. Creative Media & Community Trust Co. has a 1-year low of $0.69 and a 1-year high of $44.02.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The company had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the firm posted ($3.00) EPS. On average, research analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

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.