Creative Media & Community Trust Corporation (NASDAQ:CMCT – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 75,093 shares, a drop of 94.1% from the April 15th total of 1,263,468 shares. Approximately 312.9% of the shares of the company are short sold. Based on an average trading volume of 78,853 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Blackhawk Capital Partners LLC acquired a new stake in Creative Media & Community Trust Corporation during the first quarter worth approximately $354,000. Virtu Financial LLC acquired a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $55,000. Kestra Advisory Services LLC bought a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter worth approximately $52,000. Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter worth approximately $43,000. Finally, Cerity Partners LLC acquired a new stake in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $43,000. 28.34% of the stock is owned by institutional investors.
Creative Media & Community Trust Corporation Stock Performance
CMCT traded up $0.06 during trading hours on Wednesday, reaching $5.74. The company’s stock had a trading volume of 19,773 shares, compared to its average volume of 259,326. The company’s 50-day moving average is $42.94 and its 200-day moving average is $285.47. Creative Media & Community Trust Corporation has a 52 week low of $4.00 and a 52 week high of $1,441.00. The firm has a market cap of $172,200.00, a PE ratio of 0.00 and a beta of 0.78. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.81 and a current ratio of 1.78.
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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Analysis on Creative Media & Community Trust Corporation
Creative Media & Community Trust Corporation Company Profile
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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