Creative Media & Community Trust Corporation (NASDAQ:CMCT) Sees Significant Growth in Short Interest

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 113,720 shares, a growth of 159.3% from the September 30th total of 43,863 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average trading volume of 205,182 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Creative Media & Community Trust Corporation from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Blackhawk Capital Partners LLC acquired a new stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 576,519 shares of the real estate investment trust’s stock, valued at approximately $354,000. Blackhawk Capital Partners LLC owned 2,135.26% of Creative Media & Community Trust Corporation as of its most recent SEC filing. Institutional investors and hedge funds own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Trading Down 0.9%

CMCT stock traded down $0.03 on Friday, hitting $3.19. 11,010 shares of the company were exchanged, compared to its average volume of 296,440. The business’s fifty day moving average is $3.52 and its two-hundred day moving average is $61.14. The stock has a market capitalization of $8.80 million, a price-to-earnings ratio of -0.00 and a beta of 1.07. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.55 and a quick ratio of 1.55. Creative Media & Community Trust Corporation has a twelve month low of $1.77 and a twelve month high of $1,441.00.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last posted its quarterly earnings data on Friday, August 14th. The real estate investment trust reported ($4.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.11) by ($0.92). Creative Media & Community Trust Corporation had a negative return on equity of 60.85% and a negative net margin of 36.99%. The business had revenue of $29.68 million for the quarter, compared to analysts’ expectations of $28.10 million. As a group, research analysts forecast that Creative Media & Community Trust Corporation will post -6.38 earnings per share for the current year.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corporation (NASDAQ: CMCT) is a real estate investment trust that owns and operates a diversified portfolio of commercial real estate. The company focuses primarily on properties in markets with established employment, population growth and other demand drivers, including multifamily housing, office properties, hotels and other specialized real estate assets.

CMCT has historically emphasized creative-office properties designed for businesses in media, entertainment, technology and related industries.