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 growth in short interest in the month of February. As of February 28th, there was short interest totalling 186,700 shares, a growth of 23.2% from the February 13th total of 151,600 shares. Based on an average daily trading volume, of 511,500 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the company’s shares are short sold.

Creative Media & Community Trust Co. Trading Down 14.3 %

Shares of NASDAQ CMCT opened at $0.25 on Tuesday. The company’s 50 day simple moving average is $0.76 and its 200 day simple moving average is $4.58. Creative Media & Community Trust Co. has a fifty-two week low of $0.22 and a fifty-two week high of $44.01. The firm has a market capitalization of $2.16 million, a P/E ratio of -0.01 and a beta of 0.42. 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. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The company had revenue of $27.46 million for the quarter. During the same period last year, the company earned ($6.66) EPS. On average, analysts predict that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several hedge funds have recently bought and sold shares of CMCT. Stonebridge Financial Planning Group LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth $39,000. Cerity Partners LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth $1,397,000. International Assets Investment Management LLC raised its holdings in Creative Media & Community Trust Co. by 186.6% in the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 109,425 shares during the period. Y.D. More Investments Ltd raised its holdings in Creative Media & Community Trust Co. by 2.0% in the fourth quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 16,763 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Creative Media & Community Trust Co. in the fourth quarter worth $49,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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.

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.