Creative Media & Community Trust Corporation (NASDAQ:CMCT) Short Interest Up 98.3% in July

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 23,400 shares, anincreaseof98.3% from the July 15th total of 11,800 shares. Approximately3.4% of the shares of the stock are short sold. Based on an average daily volume of 303,100 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 303,100 shares, the short-interest ratio is presently 0.1 days. Approximately3.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Creative Media & Community Trust Corporation to a “sell” rating in a research report on Sunday, May 25th.

Creative Media & Community Trust Corporation Trading Down 5.3%

CMCT opened at $7.09 on Friday. Creative Media & Community Trust Corporation has a 12 month low of $4.03 and a 12 month high of $551.47. The firm has a market cap of $5.32 million, a P/E ratio of -0.02 and a beta of 0.86. The stock has a 50-day moving average of $7.86 and a 200 day moving average of $9.35.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

Several hedge funds have recently added to or reduced their stakes in CMCT. LPL Financial LLC boosted its holdings in Creative Media & Community Trust Corporation by 69.5% in the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 51,766 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Creative Media & Community Trust Corporation in the first quarter valued at $29,000. Jane Street Group LLC boosted its holdings in Creative Media & Community Trust Corporation by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 118,275 shares during the last quarter. XTX Topco Ltd purchased a new stake in Creative Media & Community Trust Corporation in the fourth quarter valued at $84,000. Finally, Cerity Partners LLC purchased a new stake in Creative Media & Community Trust Corporation in the second quarter valued at $90,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Corporation 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.