ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Update

ACRES Commercial Realty Corp. (NYSE:ACRGet Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 20,400 shares, an increase of 43.7% from the February 29th total of 14,200 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 33,600 shares, the days-to-cover ratio is presently 0.6 days.

ACRES Commercial Realty Stock Up 2.9 %

Shares of ACR stock traded up $0.40 during trading hours on Friday, reaching $14.06. 22,947 shares of the stock were exchanged, compared to its average volume of 37,107. The business’s fifty day moving average is $10.93 and its two-hundred day moving average is $9.31. The company has a debt-to-equity ratio of 3.76, a current ratio of 84.01 and a quick ratio of 84.01. ACRES Commercial Realty has a 12-month low of $6.62 and a 12-month high of $14.35. The firm has a market capitalization of $108.97 million, a P/E ratio of 40.17 and a beta of 1.97.

Institutional Investors Weigh In On ACRES Commercial Realty

Large investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. lifted its holdings in shares of ACRES Commercial Realty by 0.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 759,743 shares of the company’s stock worth $7,385,000 after purchasing an additional 2,000 shares during the period. Vanguard Group Inc. raised its position in ACRES Commercial Realty by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 365,972 shares of the company’s stock worth $3,521,000 after acquiring an additional 2,456 shares in the last quarter. Barclays PLC raised its position in ACRES Commercial Realty by 1.2% in the third quarter. Barclays PLC now owns 123,415 shares of the company’s stock worth $1,025,000 after acquiring an additional 1,416 shares in the last quarter. State Street Corp increased its position in shares of ACRES Commercial Realty by 3.6% in the first quarter. State Street Corp now owns 35,209 shares of the company’s stock valued at $472,000 after buying an additional 1,225 shares in the last quarter. Finally, Northern Trust Corp increased its position in ACRES Commercial Realty by 54.1% during the 4th quarter. Northern Trust Corp now owns 34,473 shares of the company’s stock worth $332,000 after purchasing an additional 12,104 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

ACRES Commercial Realty Company Profile

(Get Free Report)

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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