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

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 186,700 shares, a growth of 23.2% from the February 13th total of 151,600 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 511,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in Creative Media & Community Trust Co. by 843.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock valued at $909,000 after purchasing an additional 3,611,442 shares in the last quarter. Cerity Partners LLC grew its position in Creative Media & Community Trust Co. by 27.5% in the fourth quarter. Cerity Partners LLC now owns 3,623,573 shares of the real estate investment trust’s stock valued at $818,000 after purchasing an additional 781,837 shares in the last quarter. Y.D. More Investments Ltd grew its position in Creative Media & Community Trust Co. by 2.0% in the fourth 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 in the last quarter. Renaissance Technologies LLC grew its position in Creative Media & Community Trust Co. by 1,228.7% in the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 643,535 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Creative Media & Community Trust Co. by 229.9% in the fourth quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 432,056 shares in the last quarter. Institutional investors own 28.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research report on Friday, January 10th. They set a “sell” rating for the company.

Creative Media & Community Trust Co. Stock Down 14.3 %

Shares of CMCT stock opened at $0.25 on Tuesday. The firm has a fifty day moving average of $0.76 and a 200-day moving average of $4.58. 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 $0.22 and a 12-month high of $44.01. The company has a market capitalization of $2.16 million, a price-to-earnings ratio of -0.01 and a beta of 0.42.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The company had revenue of $27.46 million for the quarter. During the same period in the prior year, the company earned ($6.66) earnings per share. As a group, equities research analysts predict that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal 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.