Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Up 122.1% in December

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 141,500 shares, a growth of 122.1% from the November 30th total of 63,700 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 0.1 days.

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ:CMCT traded down $0.01 during midday trading on Friday, hitting $0.16. The company’s stock had a trading volume of 4,954,572 shares, compared to its average volume of 356,651. 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’s 50 day simple moving average is $0.30 and its 200 day simple moving average is $1.39. The stock has a market capitalization of $14.26 million, a price-to-earnings ratio of -0.06 and a beta of 0.45. Creative Media & Community Trust Co. has a fifty-two week low of $0.11 and a fifty-two week high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The business had revenue of $28.62 million during the quarter. During the same period last year, the company posted ($0.30) EPS. As a group, research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research report on Wednesday. They issued a “sell” rating on the stock.

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

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Creative Media & Community Trust Co. by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 7,863 shares during the last quarter. EWG Elevate Inc. bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at about $37,000. Carnegie Investment Counsel acquired a new stake in Creative Media & Community Trust Co. during the third quarter worth about $50,000. Calton & Associates Inc. bought a new position in Creative Media & Community Trust Co. during the third quarter valued at about $47,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $65,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.