Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares Shorted: Short Interest Up 159.3% in October

Creative Media & Community Trust Corporation (NASDAQ:CMCT) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 113,720 shares, a growth of 159.3% from the September 30th total of 43,863 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average trading volume of 205,182 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Creative Media & Community Trust Corporation from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Blackhawk Capital Partners LLC acquired a new stake in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 576,519 shares of the real estate investment trust’s stock, valued at approximately $354,000. Blackhawk Capital Partners LLC owned about 2,135.26% of Creative Media & Community Trust Corporation as of its most recent filing with the SEC. 28.34% of the stock is owned by institutional investors.

Creative Media & Community Trust Corporation Stock Performance

Shares of CMCT stock traded down $0.67 during trading hours on Thursday, hitting $3.22. 44,437 shares of the company were exchanged, compared to its average volume of 297,812. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $8.89 million, a price-to-earnings ratio of -0.00 and a beta of 1.07. The firm has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $62.90. Creative Media & Community Trust Corporation has a 52-week low of $1.77 and a 52-week high of $1,441.00.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, August 14th. The real estate investment trust reported ($4.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.11) by ($0.92). The firm had revenue of $29.68 million for the quarter, compared to the consensus estimate of $28.10 million. Creative Media & Community Trust Corporation had a negative return on equity of 60.85% and a negative net margin of 36.99%. Research analysts predict that Creative Media & Community Trust Corporation will post -6.38 earnings per share for the current fiscal year.

Creative Media & Community Trust Corporation Company Profile

Creative Media & Community Trust Corporation (NASDAQ: CMCT) is a real estate investment trust that owns and operates a diversified portfolio of commercial real estate. The company focuses primarily on properties in markets with established employment, population growth and other demand drivers, including multifamily housing, office properties, hotels and other specialized real estate assets.

CMCT has historically emphasized creative-office properties designed for businesses in media, entertainment, technology and related industries.