Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Declines By 82.4%

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 24,900 shares, a drop of 82.4% from the December 15th total of 141,500 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 393,200 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

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

A number of hedge funds have recently modified their holdings of CMCT. International Assets Investment Management LLC acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $29,000. Dimensional Fund Advisors LP boosted its holdings in Creative Media & Community Trust Co. by 13.7% in the second 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 in the last quarter. EWG Elevate Inc. acquired a new position in Creative Media & Community Trust Co. during the third quarter worth $37,000. Stonebridge Financial Planning Group LLC bought a new position in Creative Media & Community Trust Co. during the third quarter valued at about $39,000. Finally, Calton & Associates Inc. bought a new position in Creative Media & Community Trust Co. during the third quarter valued at about $47,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Price Performance

CMCT traded down $0.01 during trading on Monday, reaching $0.95. The stock had a trading volume of 522,194 shares, compared to its average volume of 2,317,006. The stock has a 50 day moving average of $2.25 and a two-hundred day moving average of $11.51. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm has a market capitalization of $8.24 million, a price-to-earnings ratio of -0.33 and a beta of 0.46. Creative Media & Community Trust Co. has a 1-year low of $0.91 and a 1-year high of $44.02.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The company had revenue of $28.62 million during the quarter. During the same quarter in the previous year, the company earned ($3.00) earnings per share. As a group, equities analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

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.