Short Interest in Creative Media & Community Trust Corporation (NASDAQ:CMCT) Declines By 37.8%

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

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMCT. Blackhawk Capital Partners LLC acquired a new stake in shares of Creative Media & Community Trust Corporation during the 1st quarter worth approximately $354,000. Virtu Financial LLC acquired a new stake in Creative Media & Community Trust Corporation during the fourth quarter worth $55,000. Kestra Advisory Services LLC bought a new stake in Creative Media & Community Trust Corporation in the 4th quarter valued at $52,000. Arkadios Wealth Advisors acquired a new position in shares of Creative Media & Community Trust Corporation in the 4th quarter valued at $43,000. Finally, Cerity Partners LLC acquired a new position in shares of Creative Media & Community Trust Corporation in the 4th quarter valued at $43,000. 28.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMCT has been the topic of several analyst reports. Zacks Research raised shares of Creative Media & Community Trust Corporation to a “hold” rating in a research report on Friday, June 5th. Wall Street Zen downgraded Creative Media & Community Trust Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Creative Media & Community Trust Corporation has an average rating of “Reduce”.

Creative Media & Community Trust Corporation Stock Performance

CMCT stock traded down $0.18 on Tuesday, reaching $3.74. 78,337 shares of the company were exchanged, compared to its average volume of 215,550. Creative Media & Community Trust Corporation has a 12 month low of $3.13 and a 12 month high of $1,441.00. The stock’s fifty day moving average price is $5.27 and its 200 day moving average price is $177.33. The firm has a market capitalization of $112,050.00, a PE ratio of 0.00 and a beta of 0.77. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.78 and a quick ratio of 1.78.

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

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.