American Strategic Investment Co. (NYSE:NYC) Short Interest Up 97.2% in August

American Strategic Investment Co. (NYSE:NYC) saw a large 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 company’s stock are short sold. Based on an average daily trading volume, of 36,468 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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, American Strategic Investment has a consensus rating of “Sell”.

Insider Buying and Selling at American Strategic Investment

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch bought 5,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $6.81 per share, with a total value of $34,050.00. Following the transaction, the insider owned 794,620 shares of the company’s stock, valued at approximately $5,411,362.20. The trade was a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 21,500 shares of company stock worth $185,105. 3.97% of the stock is currently owned by company insiders.

American Strategic Investment Stock Performance

Shares of NYSE NYC traded down $0.17 during mid-day trading on Tuesday, hitting $5.93. 3,421 shares of the company were exchanged, compared to its average volume of 23,735. The firm has a market cap of $18.76 million, a price-to-earnings ratio of 1.21 and a beta of 0.19. The stock has a 50 day simple moving average of $7.65 and a 200-day simple moving average of $8.21. 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 1-year low of $5.82 and a 1-year high of $13.97.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings data 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%.

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.