November 29, 2016 - By Pete Kolinski · 0 Comments
The stock of Cim Commerical Trust Corporation (NASDAQ:CMCT) registered a decrease of 14.29% in short interest. CMCT’s total short interest was 13,200 shares in November as published by FINRA. Its down 14.29% from 15,400 shares, reported previously. With 1,300 shares average volume, it will take short sellers 10 days to cover their CMCT’s short positions. The short interest to Cim Commerical Trust Corporation’s float is 0.63%. About 3,428 shares traded hands or 112.79% up from the average. CIM Commercial Trust Corp (NASDAQ:CMCT) has declined 17.56% since April 26, 2016 and is downtrending. It has underperformed by 22.82% the S&P500.
CIM Commercial Trust Corporation is engaged in acquiring, owning and operating Class A office investments in urban communities throughout the United States. The company has a market cap of $1.30 billion. These communities are located in areas that include traditional downtown areas and suburban main streets. It has a 37.68 P/E ratio. The Firm operates in the business divisions, including the acquisition, redevelopment, ownership and management of office real estate, multifamily real estate and hotels.
CIM Commercial Trust Corporation (CIM Commercial), incorporated on April 25, 2014, is engaged in acquiring, owning and operating Class A office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Firm operates in the business divisions, including the acquisition, redevelopment, ownership and management of office real estate, multifamily real estate and hotels. The Company’s real estate portfolio consists of approximately 30 assets, all of which are fee-simple properties except one leasehold property. It has approximately 20 office properties (including over two parking garages, one of which has street level retail space, and over two development sites, one of which is being used as a parking lot), totaling approximately 5.6 million rentable square feet, which are approximately 86.9% occupied; multifamily properties, composed of over 930 units, which are approximately 92.4% occupied, and hotels, which have a total of approximately 1,070 rooms. The Company’s office, multifamily and hotel assets are located in over 10 of the United States markets. The Firm is managed by affiliates of CIM Group, L.P. (CIM Group or CIM).
More recent CIM Commercial Trust Corp (NASDAQ:CMCT) news were published by: Businesswire.com which released: “PMC Commercial Trust Announces Name Change to CIM Commercial Trust Corporation …” on April 28, 2014. Also Businesswire.com published the news titled: “CIM Commercial Trust Announces Tender Offer to Purchase up to $210 Million of …” on May 16, 2016. Businesswire.com‘s news article titled: “CIM Commercial Trust Announces Effectiveness of Registration Statement for …” with publication date: July 01, 2016 was also an interesting one.
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By Pete Kolinski