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

American Strategic Investment Co. (NYSE:NYC) saw a large increase in short interest in the month of 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 78,599 shares, the short-interest ratio is currently 0.1 days.

American Strategic Investment Price Performance

Shares of American Strategic Investment stock traded down $0.62 during trading on Monday, hitting $6.94. 21,068 shares of the company’s stock traded hands, compared to its average volume of 23,220. The company has a market cap of $18.67 million, a PE ratio of 1.42 and a beta of 0.19. The firm’s fifty day moving average price is $8.49 and its 200 day moving average price is $8.64. American Strategic Investment has a twelve month low of $6.63 and a twelve month high of $13.97. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.03 and a quick ratio of 0.03.

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

Insider Buying and Selling

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $9.53 per share, for a total transaction of $76,240.00. Following the completion of the acquisition, the insider directly owned 1,089,620 shares in the company, valued at $10,384,078.60. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders purchased 18,000 shares of company stock valued at $163,490. Insiders own 3.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.