ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Down 49.7% in April

ACRES Commercial Realty Corp. (NYSE:ACR – Get Rating) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 9,300 shares, a decrease of 49.7% from the March 31st total of 18,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 0.4 days.

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in shares of ACRES Commercial Realty during the 4th quarter worth $85,000. Wealthsource Partners LLC bought a new stake in shares of ACRES Commercial Realty during the 3rd quarter worth $162,000. Arrowstreet Capital Limited Partnership bought a new position in ACRES Commercial Realty in the third quarter valued at about $196,000. Renaissance Technologies LLC bought a new position in ACRES Commercial Realty in the fourth quarter valued at about $171,000. Finally, Wiley BROS. Aintree Capital LLC raised its position in ACRES Commercial Realty by 64.2% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 18,903 shares of the company’s stock valued at $253,000 after purchasing an additional 7,390 shares during the last quarter. 26.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ACR opened at $11.70 on Friday. The company has a debt-to-equity ratio of 4.05, a current ratio of 161.95 and a quick ratio of 161.95. The stock’s fifty day moving average price is $12.49 and its two-hundred day moving average price is $13.15. ACRES Commercial Realty has a one year low of $10.75 and a one year high of $18.43. The firm has a market cap of $103.05 million, a price-to-earnings ratio of 6.50 and a beta of 1.91.

Separately, Zacks Investment Research raised ACRES Commercial Realty from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, April 1st.

About ACRES Commercial Realty (Get Rating)

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments.

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