Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Drops By 44.4%

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 192,400 shares, a drop of 44.4% from the January 15th total of 346,100 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 502,800 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a report on Friday, January 10th. They issued a “sell” rating for the company.

Creative Media & Community Trust Co. Trading Down 0.7 %

NASDAQ:CMCT traded down $0.00 during trading hours on Thursday, reaching $0.72. The company’s stock had a trading volume of 49,267 shares, compared to its average volume of 797,020. 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 firm has a market capitalization of $6.21 million, a price-to-earnings ratio of -0.03 and a beta of 0.42. The firm has a 50-day simple moving average of $1.32 and a 200-day simple moving average of $7.96. Creative Media & Community Trust Co. has a 1 year low of $0.64 and a 1 year high of $44.02.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMCT. Cerity Partners LLC purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at about $1,397,000. International Assets Investment Management LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $29,000. Carnegie Investment Counsel bought a new position in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $50,000. Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth $47,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $65,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

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.