Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Update

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 24,900 shares, a drop of 82.4% from the December 31st total of 141,500 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 393,200 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of 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. Stock Down 4.9 %

Creative Media & Community Trust Co. stock traded down $0.05 during trading hours on Tuesday, reaching $0.91. The stock had a trading volume of 201,830 shares, compared to its average volume of 1,224,584. The company has a market cap of $7.91 million, a price-to-earnings ratio of -0.03 and a beta of 0.46. The business’s 50 day moving average price is $1.78 and its 200-day moving average price is $9.90. Creative Media & Community Trust Co. has a 52 week low of $0.69 and a 52 week high of $44.02. 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 posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The company had revenue of $28.62 million for the quarter. During the same quarter last year, the firm posted ($3.00) earnings per share. Sell-side analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

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

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $29,000. EWG Elevate Inc. purchased a new stake in Creative Media & Community Trust Co. in the third quarter valued at about $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth about $39,000. Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $47,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Creative Media & Community Trust Co. during the 4th quarter valued at approximately $49,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.