Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Down 41.3% in November

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 62,700 shares, a drop of 41.3% from the October 31st total of 106,900 shares. Based on an average daily volume of 572,700 shares, the days-to-cover ratio is currently 0.1 days.

Creative Media & Community Trust Co. Stock Performance

CMCT traded up $0.01 during trading on Thursday, reaching $0.25. The company’s stock had a trading volume of 1,065,649 shares, compared to its average volume of 174,548. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The company’s fifty day moving average price is $0.57 and its 200-day moving average price is $1.78. Creative Media & Community Trust Co. has a 52-week low of $0.21 and a 52-week high of $4.40. The company has a market capitalization of $21.29 million, a price-to-earnings ratio of -0.09 and a beta of 0.56.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The company had revenue of $28.62 million during the quarter. During the same period in the prior year, the firm earned ($0.30) EPS. On average, equities analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were issued a $0.04 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 65.15%. Creative Media & Community Trust Co.’s dividend payout ratio is presently -5.56%.

Institutional Trading of Creative Media & Community Trust Co.

A number of institutional investors have recently added to or reduced their stakes in CMCT. Dimensional Fund Advisors LP lifted its position in shares of Creative Media & Community Trust Co. by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 7,863 shares during the period. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $37,000. Carnegie Investment Counsel acquired a new position in Creative Media & Community Trust Co. during the third quarter worth $50,000. Calton & Associates Inc. purchased a new stake in Creative Media & Community Trust Co. during the third quarter worth $47,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at $65,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research note on Saturday, November 23rd. They issued a “sell” rating on the stock.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.