Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Update

Creative Media & Community Trust Co. (NASDAQ:CMCT - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 302,700 shares, an increase of 79.2% from the March 15th total of 168,900 shares. Based on an average trading volume of 782,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 6.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a research note on Tuesday, April 15th. They set a "sell" rating on the stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of CMCT. Commonwealth Equity Services LLC lifted its position in Creative Media & Community Trust Co. by 843.4% in the 4th 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 during the last quarter. Jane Street Group LLC increased its stake in shares of Creative Media & Community Trust Co. by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 118,275 shares during the period. Renaissance Technologies LLC increased its stake in shares of 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 during the period. Geode Capital Management LLC raised its holdings in shares of Creative Media & Community Trust Co. by 229.9% during 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 buying an additional 432,056 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust's stock worth $28,000 after buying an additional 51,766 shares during the period. Institutional investors and hedge funds own 28.34% of the company's stock.

Creative Media & Community Trust Co. Stock Performance

CMCT traded down $0.33 on Monday, hitting $4.16. 27,309 shares of the company's stock were exchanged, compared to its average volume of 13,543. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a fifty day moving average of $10.99 and a two-hundred day moving average of $47.09. Creative Media & Community Trust Co. has a twelve month low of $4.06 and a twelve month high of $899.21. The firm has a market cap of $2.21 million, a PE ratio of -0.14 and a beta of 0.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The real estate investment trust reported ($18.75) earnings per share for the quarter. The firm had revenue of $27.46 million during the quarter. During the same quarter in the previous year, the business posted ($166.50) EPS. On average, research analysts anticipate that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

Creative Media & Community Trust Co. Company Profile

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.