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

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 75,093 shares, a drop of 94.1% from the April 15th total of 1,263,468 shares. Based on an average trading volume of 78,853 shares, the days-to-cover ratio is presently 1.0 days. Approximately 312.9% of the company’s shares are sold short.

Creative Media & Community Trust Corporation Stock Up 3.0%

Creative Media & Community Trust Corporation stock traded up $0.18 during midday trading on Monday, hitting $6.18. 26,665 shares of the stock were exchanged, compared to its average volume of 959,103. Creative Media & Community Trust Corporation has a 52 week low of $4.00 and a 52 week high of $1,441.00. The company has a fifty day simple moving average of $47.11 and a two-hundred day simple moving average of $289.93. The stock has a market capitalization of $185,400.00, a PE ratio of 0.00 and a beta of 0.78.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Blackhawk Capital Partners LLC acquired a new position in shares of Creative Media & Community Trust Corporation in the first quarter valued at approximately $354,000. Virtu Financial LLC acquired a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $55,000. Morton Capital Management LLC CA acquired a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $54,000. Kestra Advisory Services LLC acquired a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $52,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.