Short Interest in ACRES Commercial Realty Corp. (NYSE:ACR) Rises By 52.8%

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) was the target of a significant increase in short interest during the month of 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 30,900 shares, the short-interest ratio is presently 0.9 days.

ACRES Commercial Realty Price Performance

Shares of ACR traded up $0.08 during trading hours on Friday, reaching $13.74. 5,740 shares of the company traded hands, compared to its average volume of 19,147. The company has a quick ratio of 84.01, a current ratio of 84.01 and a debt-to-equity ratio of 3.76. The stock has a market capitalization of $105.66 million, a PE ratio of 39.26 and a beta of 1.99. ACRES Commercial Realty has a fifty-two week low of $6.62 and a fifty-two week high of $14.35. The stock has a fifty day simple moving average of $12.51 and a 200 day simple moving average of $10.09.

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 purchased a new position in ACRES Commercial Realty Corp. (NYSE:ACR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company's stock, valued at approximately $83,000. Sound View Wealth Advisors Group LLC owned about 0.12% of ACRES Commercial Realty at the end of the most recent quarter. 40.03% of the stock is currently owned by institutional investors.

ACRES Commercial Realty Company Profile

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.