American Strategic Investment Co. (NYSE:NYC) Sees Significant Decrease in Short Interest

American Strategic Investment Co. (NYSE:NYC) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 1,100 shares, a decline of 38.9% from the May 15th total of 1,800 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

American Strategic Investment Trading Down 3.2%

NYSE:NYC traded down $0.34 during mid-day trading on Monday, hitting $10.16. The company had a trading volume of 3,736 shares, compared to its average volume of 4,865. American Strategic Investment has a 1 year low of $7.55 and a 1 year high of $13.59. The business has a fifty day simple moving average of $10.86 and a 200-day simple moving average of $10.14. The firm has a market capitalization of $26.77 million, a price-to-earnings ratio of -0.11 and a beta of 0.02.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data on Friday, May 9th. The company reported ($3.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.01) by ($1.38). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The business had revenue of $12.31 million for the quarter, compared to analyst estimates of $13.91 million.

Institutional Trading of American Strategic Investment

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC lifted its stake in American Strategic Investment Co. (NYSE:NYC) by 3,757.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,436 shares of the company’s stock after acquiring an additional 16,984 shares during the period. Coppell Advisory Solutions LLC owned 0.66% of American Strategic Investment worth $194,000 as of its most recent filing with the Securities and Exchange Commission. 48.04% of the stock is currently owned by hedge funds and other institutional investors.

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.