Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Declines By 21.2%

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 151,600 shares, a drop of 21.2% from the January 31st total of 192,400 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 510,900 shares, the short-interest ratio is presently 0.3 days.

Creative Media & Community Trust Co. Stock Down 2.2 %

Shares of NASDAQ:CMCT traded down $0.02 during trading on Tuesday, hitting $0.67. The stock had a trading volume of 44,751 shares, compared to its average volume of 596,404. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a 12 month low of $0.63 and a 12 month high of $44.02. The company has a market capitalization of $5.76 million, a PE ratio of -0.02 and a beta of 0.42. The firm’s fifty day moving average is $1.00 and its 200 day moving average is $5.98.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Creative Media & Community Trust Co. in a research report on Friday, January 10th. They set a “sell” rating on the stock.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Creative Media & Community Trust Co. by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 51,766 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter worth about $29,000. Jane Street Group LLC grew its holdings in Creative Media & Community Trust Co. by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the period. Stonebridge Financial Planning Group LLC bought a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $39,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Creative Media & Community Trust Co. during the fourth quarter valued at approximately $49,000. Institutional investors own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.