ACRES Commercial Realty Corp. (NYSE:ACR) Sees Large Increase in Short Interest

ACRES Commercial Realty Corp. (NYSE:ACR) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 27,500 shares, an increase of 52.8% from the March 31st total of 18,000 shares. Based on an average daily volume of 30,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of ACRES Commercial Realty

An institutional investor recently bought a new position in ACRES Commercial Realty stock. Sound View Wealth Advisors Group LLC bought a new stake in shares of ACRES Commercial Realty Corp. (NYSE:ACR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $83,000. Sound View Wealth Advisors Group LLC owned approximately 0.12% of ACRES Commercial Realty at the end of the most recent reporting period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

ACRES Commercial Realty Trading Up 0.1 %

Shares of NYSE ACR traded up $0.01 during mid-day trading on Monday, reaching $13.75. The company had a trading volume of 5,213 shares, compared to its average volume of 29,458. The business’s 50-day moving average is $12.51 and its 200-day moving average is $10.10. The company has a current ratio of 84.01, a quick ratio of 84.01 and a debt-to-equity ratio of 3.76. The stock has a market cap of $105.74 million, a price-to-earnings ratio of 39.26 and a beta of 1.99. ACRES Commercial Realty has a 52 week low of $6.62 and a 52 week high of $14.35.

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 equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.