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

American Strategic Investment Co. (NYSE:NYC) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 8,222 shares, a growth of 97.2% from the August 15th total of 4,169 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 36,468 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of American Strategic Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Activity at American Strategic Investment

In other 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 shares were acquired at an average price of $9.53 per share, with a total value of $76,240.00. Following the acquisition, the insider directly owned 1,089,620 shares in the company, valued at approximately $10,384,078.60. The trade was a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 21,500 shares of company stock worth $185,105 in the last three months. 3.97% of the stock is currently owned by corporate insiders.

American Strategic Investment Stock Performance

Shares of NYSE:NYC remained flat at $6.07 on Wednesday. The stock had a trading volume of 8,001 shares, compared to its average volume of 23,641. The firm has a market capitalization of $19.18 million, a P/E ratio of 1.24 and a beta of 0.19. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.87. American Strategic Investment has a 12 month low of $5.64 and a 12 month high of $13.97. The company’s 50 day moving average price is $7.60 and its 200-day moving average price is $8.19.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($3.04) earnings per share 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.