American Strategic Investment Co. (NYSE:NYC) Sees Large Decline in Short Interest

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch bought 8,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $9.53 per share, with a total value of $76,240.00. Following the completion of the purchase, the insider directly owned 1,089,620 shares in the company, valued at $10,384,078.60. The trade was a 0.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 23,000 shares of company stock valued at $197,540 in the last ninety days. Corporate insiders own 3.97% of the company’s stock.

American Strategic Investment Trading Down 3.2%

Shares of NYC traded down $0.21 during trading on Friday, reaching $6.26. 4,386 shares of the company traded hands, compared to its average volume of 43,755. American Strategic Investment has a twelve month low of $5.97 and a twelve month high of $13.97. The stock has a market cap of $19.78 million, a PE ratio of 1.28 and a beta of 0.18. The stock has a 50-day simple moving average of $8.23 and a 200-day simple moving average of $8.41. 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 (NYSE:NYC) last issued 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 during the quarter. American Strategic Investment had a negative return on equity of 50.85% and a net margin of 38.87%.

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.