American Strategic Investment Co. (NYSE:NYC) Short Interest Update

American Strategic Investment Co. (NYSE:NYC) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 4,169 shares, a drop of 60.4% from the July 30th total of 10,520 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 45,669 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average price of $6.81 per share, with a total value of $34,050.00. Following the purchase, the insider directly owned 794,620 shares of the company’s stock, valued at approximately $5,411,362.20. This represents a 0.63% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 23,000 shares of company stock worth $197,540. 3.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, American Strategic Investment presently has an average rating of “Sell”.

American Strategic Investment Stock Performance

Shares of NYC opened at $6.72 on Friday. The firm has a market cap of $21.24 million, a price-to-earnings ratio of 1.37 and a beta of 0.18. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.87. The business’s 50 day moving average is $8.25 and its two-hundred day moving average is $8.42. American Strategic Investment has a 52-week low of $5.97 and a 52-week high of $13.97.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($3.04) EPS for the quarter. The company had revenue of $7.32 million for the quarter. American Strategic Investment had a net margin of 38.87% and a negative return on equity of 50.85%.

American Strategic Investment Company Profile

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.