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

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a significant growth in short interest in 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 volume of 511,500 shares, the short-interest ratio is currently 0.4 days. Approximately 1.6% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Creative Media & Community Trust Co. Price Performance

Shares of Creative Media & Community Trust Co. stock traded down $0.01 during midday trading on Wednesday, reaching $0.28. The company had a trading volume of 126,813 shares, compared to its average volume of 268,353. The company has a market capitalization of $3.72 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. Creative Media & Community Trust Co. has a 1-year low of $0.22 and a 1-year high of $44.01. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $4.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted 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 for the quarter. During the same period last year, the firm earned ($6.66) EPS. As a group, equities research analysts forecast that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current year.

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

Several hedge funds have recently modified their holdings of the stock. Stonebridge Financial Planning Group LLC acquired a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $39,000. LPL Financial LLC grew its position in 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 worth $28,000 after buying an additional 51,766 shares in the last quarter. Jane Street Group LLC increased its position in shares of Creative Media & Community Trust Co. by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Creative Media & Community Trust Co. by 186.6% during 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 during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the 4th quarter valued at $49,000. Institutional investors own 28.34% of the company’s 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.