Creative Media & Community Trust Corporation (NASDAQ:CMCT) Short Interest Down 94.1% in April

Creative Media & Community Trust Corporation (NASDAQ:CMCT) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 75,093 shares, a decline of 94.1% from the April 15th total of 1,263,468 shares. Based on an average trading volume of 78,853 shares, the short-interest ratio is currently 1.0 days. Currently, 312.9% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

Institutional investors have recently modified their holdings of the business. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Corporation during the 2nd quarter worth approximately $90,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $43,000. Kestra Advisory Services LLC bought a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $52,000. Morton Capital Management LLC CA bought a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $54,000. Finally, Virtu Financial LLC bought a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Trading Up 3.0%

Shares of NASDAQ:CMCT traded up $0.18 during trading on Monday, hitting $6.18. 26,665 shares of the company’s stock were exchanged, compared to its average volume of 959,103. Creative Media & Community Trust Corporation has a 1-year low of $4.00 and a 1-year high of $1,441.00. The firm has a 50-day moving average price of $47.11 and a two-hundred day moving average price of $289.93. The firm has a market cap of $185,400.00, a P/E ratio of 0.00 and a beta of 0.78.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) EPS for the quarter. The firm had revenue of $29.42 million for the quarter.

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.