Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Down 82.4% in January

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 24,900 shares, a decrease 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 presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Creative Media & Community Trust Co.

A number of large investors have recently made changes to their positions in CMCT. Dimensional Fund Advisors LP lifted its position in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Creative Media & Community Trust Co. by 2.0% during the 4th quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 16,763 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Creative Media & Community Trust Co. in the 3rd quarter worth about $29,000. EWG Elevate Inc. bought a new stake in Creative Media & Community Trust Co. in the third quarter worth about $37,000. Finally, Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $39,000. 28.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Creative Media & Community Trust Co. Price Performance

CMCT stock traded down $0.05 during mid-day trading on Tuesday, hitting $0.91. The company had a trading volume of 201,830 shares, compared to its average volume of 1,224,584. The company has a market capitalization of $7.91 million, a price-to-earnings ratio of -0.03 and a beta of 0.46. The company has a 50-day moving average price of $1.78 and a 200 day moving average price of $9.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a 12-month low of $0.69 and a 12-month high of $44.02.

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