ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 15,000 shares, an increase of 16.3% from the August 15th total of 12,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,500 shares, the short-interest ratio is currently 1.4 days.
ACRES Commercial Realty Stock Performance
Shares of ACR traded down $0.09 on Tuesday, reaching $8.20. 3,630 shares of the stock traded hands, compared to its average volume of 12,282. ACRES Commercial Realty has a 12 month low of $7.23 and a 12 month high of $10.72. The company has a debt-to-equity ratio of 3.94, a current ratio of 87.75 and a quick ratio of 87.75. The stock’s 50-day moving average price is $8.66 and its 200-day moving average price is $8.77. The firm has a market cap of $69.62 million, a price-to-earnings ratio of -8.45 and a beta of 1.81.
Insider Transactions at ACRES Commercial Realty
In related news, major shareholder Eagle Point Credit Management purchased 1,410 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average cost of $19.50 per share, for a total transaction of $27,495.00. Following the transaction, the insider now directly owns 1,013,590 shares of the company’s stock, valued at approximately $19,765,005. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 15,126 shares of company stock worth $327,022. Insiders own 2.96% of the company’s stock.
Hedge Funds Weigh In On ACRES Commercial Realty
About ACRES Commercial Realty
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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