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

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

Wall Street Analysts Forecast Growth

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

Creative Media & Community Trust Corporation Stock Performance

Shares of NASDAQ CMCT traded down $0.03 during trading hours on Friday, reaching $3.19. 11,010 shares of the stock were exchanged, compared to its average volume of 89,665. The firm has a market capitalization of $8.80 million, a price-to-earnings ratio of -0.00 and a beta of 1.07. The stock’s fifty day simple moving average is $3.48 and its 200 day simple moving average is $59.41. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.55 and a current ratio of 1.55. Creative Media & Community Trust Corporation has a 52 week low of $1.77 and a 52 week high of $1,441.00.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last released its quarterly earnings results 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). The firm had revenue of $29.68 million during the quarter, compared to the consensus estimate of $28.10 million. Creative Media & Community Trust Corporation had a negative net margin of 36.99% and a negative return on equity of 60.85%. Sell-side analysts predict that Creative Media & Community Trust Corporation will post -6.38 EPS for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Blackhawk Capital Partners LLC acquired a new position in Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 576,519 shares of the real estate investment trust’s stock, valued at approximately $354,000. Blackhawk Capital Partners LLC owned approximately 2,135.26% of Creative Media & Community Trust Corporation as of its most recent SEC filing. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Company Profile

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.