Short Interest in American Strategic Investment Co. (NYSE:NYC) Expands By 97.2%

American Strategic Investment Co. (NYSE:NYC) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 36,468 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

American Strategic Investment Trading Down 2.8%

NYSE:NYC traded down $0.17 during trading hours on Tuesday, reaching $5.93. 3,421 shares of the stock were exchanged, compared to its average volume of 23,735. The business has a 50-day moving average of $7.65 and a two-hundred day moving average of $8.21. American Strategic Investment has a twelve month low of $5.82 and a twelve month high of $13.97. The company has a market capitalization of $18.76 million, a price-to-earnings ratio of 1.21 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 (NYSE:NYC) last announced its quarterly earnings data 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 company had revenue of $7.32 million during the quarter.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch bought 8,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $9.53 per share, with a total value of $76,240.00. Following the purchase, the insider directly owned 1,089,620 shares in the company, valued at $10,384,078.60. This trade represents a 0.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders acquired 21,500 shares of company stock valued at $185,105. 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.