Creative Media & Community Trust Corporation (NASDAQ:CMCT) Short Interest Update

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 48,927 shares, a decrease of 37.8% from the May 14th total of 78,706 shares. Based on an average trading volume of 30,547 shares, the short-interest ratio is currently 1.6 days. Approximately 203.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Several large investors have recently bought and sold shares of CMCT. Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at $43,000. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at $43,000. Kestra Advisory Services LLC purchased a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at $52,000. Morton Capital Management LLC CA purchased a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at $54,000. Finally, Virtu Financial LLC purchased a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Price Performance

Shares of NASDAQ CMCT opened at $4.27 on Monday. The firm has a market cap of $128,100.00, a price-to-earnings ratio of 0.00 and a beta of 0.77. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.67. Creative Media & Community Trust Corporation has a 52-week low of $3.13 and a 52-week high of $1,441.00. The business’s 50 day moving average is $5.29 and its two-hundred day moving average is $179.32.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last announced its earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) earnings per share (EPS) for the quarter. Creative Media & Community Trust Corporation had a negative net margin of 36.20% and a negative return on equity of 226.47%. The firm had revenue of $29.42 million during the quarter. Research analysts predict that Creative Media & Community Trust Corporation will post -145.4 EPS for the current year.

Analysts Set New Price Targets

CMCT has been the topic of a number of recent analyst reports. Wall Street Zen cut Creative Media & Community Trust Corporation from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research upgraded Creative Media & Community Trust Corporation to a “hold” rating in a report on Friday, June 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.