ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Down 68.0% in September

ACRES Commercial Realty Corp. (NYSE:ACR) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 17,000 shares, a decrease of 68.0% from the September 15th total of 53,200 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is currently 0.4 days.

Shares of NYSE:ACR traded down $0.12 on Thursday, hitting $15.75. The company’s stock had a trading volume of 12 shares, compared to its average volume of 75,446. ACRES Commercial Realty has a 12 month low of $5.52 and a 12 month high of $18.43. The company has a market capitalization of $148.43 million, a price-to-earnings ratio of 3.50 and a beta of 1.97. The stock’s 50-day moving average is $16.31 and its two-hundred day moving average is $16.16. The company has a debt-to-equity ratio of 2.97, a quick ratio of 185.72 and a current ratio of 185.72.

Several large investors have recently added to or reduced their stakes in ACR. Morgan Stanley bought a new position in shares of ACRES Commercial Realty in the first quarter worth $11,336,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of ACRES Commercial Realty in the first quarter valued at $4,120,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of ACRES Commercial Realty in the first quarter valued at $2,582,000. BlackRock Inc. acquired a new stake in shares of ACRES Commercial Realty in the first quarter valued at $1,864,000. Finally, Geode Capital Management LLC acquired a new stake in shares of ACRES Commercial Realty in the first quarter valued at $1,146,000. 37.18% of the stock is owned by institutional investors.

ACR has been the subject of a number of recent research reports. Zacks Investment Research upgraded ACRES Commercial Realty from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, August 20th. TheStreet upgraded ACRES Commercial Realty from a “d+” rating to a “c” rating in a research note on Friday, August 6th.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp. is a real estate investment trust, which engages in the origination, holding, and management of commercial mortgage loans, and commercial real estate related debt investments. The company was founded in 2005 and is headquartered in New York, NY.

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