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

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 48,927 shares, a decrease of 37.8% from the May 14th total of 78,706 shares. Currently, 203.9% of the company’s stock are short sold. Based on an average daily trading volume, of 30,547 shares, the days-to-cover ratio is presently 1.6 days.

Creative Media & Community Trust Corporation Stock Performance

Shares of CMCT opened at $4.27 on Monday. The company’s 50 day simple moving average is $5.29 and its 200-day simple moving average is $179.32. The firm has a market cap of $128,100.00, a PE ratio of 0.00 and a beta of 0.77. Creative Media & Community Trust Corporation has a 12-month low of $3.13 and a 12-month high of $1,441.00. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.67.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) EPS for the quarter. Creative Media & Community Trust Corporation had a negative net margin of 36.20% and a negative return on equity of 226.47%. The business had revenue of $29.42 million during the quarter. As a group, equities analysts predict that Creative Media & Community Trust Corporation will post -145.4 EPS for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

A number of institutional investors and hedge funds have recently made changes to their positions in CMCT. Arkadios Wealth Advisors acquired a new stake in shares of Creative Media & Community Trust Corporation during the fourth quarter worth about $43,000. Cerity Partners LLC acquired a new position in Creative Media & Community Trust Corporation in the 4th quarter valued at about $43,000. Kestra Advisory Services LLC purchased a new stake in Creative Media & Community Trust Corporation during the 4th quarter valued at approximately $52,000. Morton Capital Management LLC CA purchased a new stake in Creative Media & Community Trust Corporation during the 4th quarter valued at approximately $54,000. Finally, Virtu Financial LLC purchased a new stake in Creative Media & Community Trust Corporation during the 4th quarter valued at approximately $55,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCT has been the topic of several recent analyst reports. Wall Street Zen lowered Creative Media & Community Trust Corporation from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research upgraded Creative Media & Community Trust Corporation to a “hold” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that specializes in originating and acquiring first-lien mortgage loans on non-owner-occupied residential properties in the United States. The company focuses on providing capital to real estate investors and rental homeowners, offering financing solutions tailored to single-family homes, small multifamily properties and other residential real estate investments. Its business model centers on underwriting, closing and servicing mortgage loans that help facilitate real estate acquisitions, refinancings and portfolio expansions for its clients.

The company’s loan portfolio is diversified across key U.S.