Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Increases By 44.7%

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 106,900 shares, a growth of 44.7% from the October 15th total of 73,900 shares. Based on an average daily volume of 430,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Creative Media & Community Trust Co.

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $29,000. EWG Elevate Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $37,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $39,000. Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $47,000. Finally, Carnegie Investment Counsel purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Price Performance

CMCT stock traded down $0.03 during trading on Friday, hitting $0.28. The stock had a trading volume of 439,576 shares, compared to its average volume of 149,267. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 3.49. Creative Media & Community Trust Co. has a twelve month low of $0.28 and a twelve month high of $4.40. The stock has a market capitalization of $6.46 million, a P/E ratio of -0.10 and a beta of 0.56. The company’s 50-day moving average price is $0.84 and its two-hundred day moving average price is $1.95.

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

Creative Media & Community Trust Co. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 57.55%. The ex-dividend date was Wednesday, September 25th. Creative Media & Community Trust Co.’s payout ratio is presently -5.56%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a research report on Friday. They set a “sell” rating on the stock.

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.