Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Down 82.4% in January

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 24,900 shares, a decline of 82.4% from the December 31st total of 141,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 393,200 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $29,000. EWG Elevate Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $37,000. Stonebridge Financial Planning Group LLC bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $39,000. Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $47,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter worth $49,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock traded down $0.04 during mid-day trading on Wednesday, reaching $0.87. 37,775 shares of the company were exchanged, compared to its average volume of 1,158,887. The firm has a market cap of $7.54 million, a PE ratio of -0.03 and a beta of 0.46. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The company has a fifty day simple moving average of $1.72 and a 200-day simple moving average of $9.57. Creative Media & Community Trust Co. has a 12 month low of $0.69 and a 12 month high of $44.02.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The company had revenue of $28.62 million during the quarter. During the same period in the previous year, the company earned ($3.00) EPS. As a group, equities research analysts expect that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.