ACRES Commercial Realty Corp. (NYSE:ACR) Sees Significant Increase in Short Interest

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 10,100 shares, a growth of 7.4% from the January 15th total of 9,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 19,400 shares, the short-interest ratio is currently 0.5 days.

ACRES Commercial Realty Trading Down 1.5 %

Shares of NYSE ACR traded down $0.31 during midday trading on Friday, hitting $19.43. The stock had a trading volume of 48,158 shares, compared to its average volume of 23,493. The company's 50-day simple moving average is $17.53 and its 200 day simple moving average is $16.49. The firm has a market cap of $150.29 million, a P/E ratio of 23.13 and a beta of 2.07. ACRES Commercial Realty has a fifty-two week low of $10.34 and a fifty-two week high of $20.00. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84.

Insider Activity at ACRES Commercial Realty

In other news, major shareholder Eagle Point Credit Management sold 1,936 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $25.15, for a total transaction of $48,690.40. Following the transaction, the insider now directly owns 465,675 shares in the company, valued at approximately $11,711,726.25. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 41,946 shares of company stock valued at $1,029,979 in the last three months. Corporate insiders own 4.07% of the company's stock.

Hedge Funds Weigh In On ACRES Commercial Realty

Several large investors have recently made changes to their positions in ACR. Gratia Capital LLC lifted its position in ACRES Commercial Realty by 1.3% during the 4th quarter. Gratia Capital LLC now owns 101,314 shares of the company's stock valued at $1,636,000 after purchasing an additional 1,314 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in ACRES Commercial Realty by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock valued at $997,000 after buying an additional 1,458 shares during the period. Barclays PLC lifted its holdings in ACRES Commercial Realty by 147.1% in the third quarter. Barclays PLC now owns 3,499 shares of the company's stock valued at $55,000 after buying an additional 2,083 shares during the period. Nokomis Capital L.L.C. grew its holdings in ACRES Commercial Realty by 1.1% during the 4th quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock worth $4,273,000 after acquiring an additional 2,889 shares during the period. Finally, Biltmore Family Office LLC grew its holdings in ACRES Commercial Realty by 24.8% during the 3rd quarter. Biltmore Family Office LLC now owns 15,600 shares of the company's stock worth $244,000 after acquiring an additional 3,100 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.