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

by · The Cerbat Gem

Creative Media & Community Trust Corporation (NASDAQ:CMCT – Get Free Report) was the target of a significant decline in short interest in 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. Currently, 312.9% of the shares of the company are sold short. Based on an average trading volume of 78,853 shares, the short-interest ratio is presently 1.0 days.

Creative Media & Community Trust Corporation Stock Performance

CMCT stock traded down $0.50 during trading on Tuesday, reaching $5.68. 40,012 shares of the company were exchanged, compared to its average volume of 261,988. The company has a market cap of $170,400.00, a P/E ratio of 0.00 and a beta of 0.78. Creative Media & Community Trust Corporation has a 52-week low of $4.00 and a 52-week high of $1,441.00. The stock’s 50 day moving average price is $47.11 and its 200 day moving average price is $289.93.

Creative Media & Community Trust Corporation (NASDAQ:CMCT – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The real estate investment trust reported ($70.52) EPS for the quarter. The company had revenue of $29.42 million for the quarter.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blackhawk Capital Partners LLC acquired a new position in Creative Media & Community Trust Corporation during the first quarter worth about $354,000. Virtu Financial LLC purchased a new stake in shares of Creative Media & Community Trust Corporation during the fourth quarter worth about $55,000. 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. Arkadios Wealth Advisors acquired a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $43,000. Finally, Cerity Partners LLC 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 report on Sunday, January 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Creative Media & Community Trust Corporation currently has an average rating of “Sell”.

Read Our Latest Stock Report on Creative Media & Community Trust Corporation

About Creative Media & Community Trust Corporation

(Get Free Report)

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.

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