ACRES Commercial Realty Corp. (NYSE:ACR) Sees Significant Growth in Short Interest

ACRES Commercial Realty Corp. (NYSE:ACR) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 10,100 shares, an increase of 7.4% from the January 15th total of 9,400 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is currently 0.5 days.

ACRES Commercial Realty Stock Performance

ACRES Commercial Realty stock traded up $0.98 during trading hours on Tuesday, hitting $19.94. 49,576 shares of the stock traded hands, compared to its average volume of 22,922. The company has a debt-to-equity ratio of 3.33, a current ratio of 73.84 and a quick ratio of 73.84. The firm’s 50 day moving average price is $17.39 and its 200-day moving average price is $16.42. The stock has a market capitalization of $154.34 million, a price-to-earnings ratio of 23.74 and a beta of 2.07. ACRES Commercial Realty has a 1 year low of $10.02 and a 1 year high of $20.00.

Insider Buying and Selling

In other ACRES Commercial Realty news, major shareholder Eagle Point Credit Management sold 7,335 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $22.40, for a total transaction of $164,304.00. Following the sale, the insider now owns 889,031 shares in the company, valued at approximately $19,914,294.40. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 43,620 shares of company stock worth $1,072,013 in the last ninety days. 4.07% of the stock is owned by insiders.

Institutional Trading of ACRES Commercial Realty

Large investors have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company’s stock valued at $55,000 after purchasing an additional 2,083 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of ACRES Commercial Realty in the fourth quarter worth about $162,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ACRES Commercial Realty in the third quarter worth about $177,000. Jane Street Group LLC purchased a new stake in shares of ACRES Commercial Realty in the fourth quarter worth about $213,000. Finally, Biltmore Family Office LLC boosted its stake in shares of ACRES Commercial Realty by 24.8% in the third quarter. Biltmore Family Office LLC now owns 15,600 shares of the company’s stock worth $244,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.