Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Down 21.2% in February

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 151,600 shares, a drop 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. Approximately 1.5% of the company’s shares are short sold.

Creative Media & Community Trust Co. Stock Up 4.4 %

NASDAQ CMCT traded up $0.03 on Wednesday, reaching $0.72. 63,138 shares of the stock traded hands, compared to its average volume of 584,566. Creative Media & Community Trust Co. has a 12 month low of $0.63 and a 12 month high of $44.02. The company has a market cap of $6.20 million, a price-to-earnings ratio of -0.02 and a beta of 0.42. The company has a fifty day moving average price of $0.99 and a 200-day moving average price of $5.83. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Institutional Trading of Creative Media & Community Trust Co.

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Creative Media & Community Trust Co. by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 51,766 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $29,000. Jane Street Group LLC increased its holdings in Creative Media & Community Trust Co. by 658.0% during the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 118,275 shares during the period. Stonebridge Financial Planning Group LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $39,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Creative Media & Community Trust Co. in the fourth quarter worth approximately $49,000. 28.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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