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

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

Analysts Set New Price Targets

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake 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 valued at $175,000 after acquiring an additional 7,863 shares during the period. EWG Elevate Inc. acquired a new stake in Creative Media & Community Trust Co. during the third quarter valued at approximately $37,000. Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $50,000. Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth approximately $47,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $65,000. 28.34% of the stock is currently owned by institutional investors.

Creative Media & Community Trust Co. Stock Performance

Shares of CMCT traded down $0.01 during mid-day trading on Monday, hitting $0.95. The company’s stock had a trading volume of 522,194 shares, compared to its average volume of 2,317,006. Creative Media & Community Trust Co. has a one year low of $0.91 and a one year high of $44.02. The stock’s 50-day moving average is $2.25 and its two-hundred day moving average is $11.51. The firm has a market capitalization of $8.24 million, a PE ratio of -0.33 and a beta of 0.46. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The business had revenue of $28.62 million for the quarter. During the same period last year, the business posted ($3.00) EPS. As a group, sell-side analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Creative Media & Community Trust Co. Company Profile

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.