Short Interest in American Strategic Investment Co. (NYSE:NYC) Decreases By 60.4%

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

American Strategic Investment Stock Performance

Shares of NYSE NYC opened at $6.72 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.87. The firm’s 50-day moving average price is $8.25 and its two-hundred day moving average price is $8.42. American Strategic Investment has a 52-week low of $5.97 and a 52-week high of $13.97. The stock has a market capitalization of $21.24 million, a P/E ratio of 1.37 and a beta of 0.18.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results 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 negative return on equity of 50.85% and a net margin of 38.87%.

Insider Buying and Selling at American Strategic Investment

In other news, major shareholder Nicholas S. Schorsch purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $6.81 per share, with a total value of $34,050.00. Following the transaction, the insider owned 794,620 shares in the company, valued at approximately $5,411,362.20. The trade was a 0.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 23,000 shares of company stock valued at $197,540. 3.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.