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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at about $29,000. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $1,397,000. Stonebridge Financial Planning Group LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $39,000. Jane Street Group LLC increased its stake in Creative Media & Community Trust Co. by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 118,275 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Creative Media & Community Trust Co. by 1,228.7% in the 4th quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 643,535 shares in the last quarter. 28.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Creative Media & Community Trust Co. Stock Up 2.6 %

NASDAQ:CMCT traded up $0.02 during trading hours on Thursday, hitting $0.74. 86,247 shares of the stock traded hands, compared to its average volume of 573,645. The firm has a 50 day moving average price of $0.98 and a 200 day moving average price of $5.79. The firm has a market cap of $6.41 million, a price-to-earnings ratio of -0.03 and a beta of 0.42. Creative Media & Community Trust Co. has a fifty-two week low of $0.63 and a fifty-two week high of $44.02. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. Company Profile

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.