Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Rises By 122.1%

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

Creative Media & Community Trust Co. Stock Down 2.9 %

CMCT stock opened at $0.17 on Friday. The company has a market cap of $15.01 million, a PE ratio of -0.06 and a beta of 0.45. 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 52 week low of $0.11 and a 52 week high of $4.40. The business has a 50-day simple moving average of $0.29 and a 200 day simple moving average of $1.36.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same quarter last year, the business posted ($0.30) EPS. Sell-side analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. in a research report on Wednesday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Creative Media & Community Trust Co. during the third quarter worth $29,000. Cerity Partners LLC acquired a new position in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $1,397,000. Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $50,000. Calton & Associates Inc. acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at approximately $47,000. Finally, EWG Elevate Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $37,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

About Creative Media & Community Trust Co.

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.