Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Down 35.2% in May

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 28,200 shares, a drop of 35.2% from the April 30th total of 43,500 shares. Based on an average trading volume of 59,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.0% of the company’s stock are sold short.

Creative Media & Community Trust Co. Stock Down 1.4%

CMCT stock traded down $0.11 on Friday, hitting $7.65. 15,637 shares of the company’s stock were exchanged, compared to its average volume of 21,367. Creative Media & Community Trust Co. has a 12-month low of $4.03 and a 12-month high of $725.38. The firm has a 50 day moving average price of $6.18 and a two-hundred day moving average price of $23.26. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market cap of $5.78 million, a P/E ratio of -0.27 and a beta of 0.70.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, May 9th. The real estate investment trust reported ($8.85) earnings per share for the quarter. The company had revenue of $32.30 million during the quarter. As a group, equities research analysts expect that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMCT. Y.D. More Investments Ltd grew its stake in Creative Media & Community Trust Co. by 2.0% during the 4th 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 during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at about $49,000. Commonwealth Equity Services LLC grew its stake in Creative Media & Community Trust Co. by 843.4% during 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. LPL Financial LLC grew its stake in Creative Media & Community Trust Co. by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 51,766 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Creative Media & Community Trust Co. by 229.9% during the 4th 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 during the last quarter. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Creative Media & Community Trust Co. to a “sell” rating in a research note on Sunday, May 25th.

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.