American Strategic Investment Co. (NYSE:NYC) Short Interest Up 63.8% in July

American Strategic Investment Co. (NYSE:NYC) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 10,520 shares, an increase of 63.8% from the July 15th total of 6,423 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 78,599 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

American Strategic Investment Trading Up 2.8%

NYSE:NYC traded up $0.19 on Tuesday, hitting $7.02. 44,707 shares of the stock were exchanged, compared to its average volume of 23,362. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.03 and a current ratio of 0.03. American Strategic Investment has a 52 week low of $6.63 and a 52 week high of $13.97. The stock has a market capitalization of $18.90 million, a price-to-earnings ratio of 1.43 and a beta of 0.19. The company’s 50-day moving average price is $8.46 and its 200 day moving average price is $8.61.

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

Insider Buying and Selling at American Strategic Investment

In related news, major shareholder Nicholas S. Schorsch acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $9.53 per share, for a total transaction of $76,240.00. Following the transaction, the insider directly owned 1,089,620 shares of the company’s stock, valued at approximately $10,384,078.60. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 18,000 shares of company stock valued at $163,490 over the last three months. Company insiders own 3.97% of the company’s stock.

About American Strategic Investment

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