Creative Media & Community Trust Co. (NASDAQ:CMCT) Sees Large Growth in Short Interest

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 141,500 shares, a growth of 122.1% from the November 30th total of 63,700 shares. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is currently 0.1 days.

Creative Media & Community Trust Co. Stock Down 2.9 %

CMCT opened at $0.17 on Friday. The company’s 50-day moving average price is $0.29 and its two-hundred day moving average price is $1.36. 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 twelve month low of $0.11 and a twelve month high of $4.40. The stock has a market cap of $15.01 million, a price-to-earnings ratio of -0.06 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The business had revenue of $28.62 million during the quarter. During the same quarter last year, the business earned ($0.30) earnings per share. As a group, equities analysts expect that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a research report on Wednesday. They issued a “sell” rating on the stock.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at approximately $29,000. EWG Elevate Inc. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $37,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth $39,000. Calton & Associates Inc. bought a new position in shares of Creative Media & Community Trust Co. in the third quarter worth $47,000. Finally, Carnegie Investment Counsel purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter valued at $50,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

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.