American Strategic Investment Co. (NYSE:NYC) Stock Short Interest Drops 38.7%

American Strategic Investment Co. (NYSE:NYC) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 5,042 shares, a drop of 38.7% from the August 31st total of 8,222 shares. Based on an average trading volume of 17,634 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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 presently has a consensus rating of “Sell”.

American Strategic Investment Stock Up 0.8%

NYSE:NYC traded up $0.05 during trading hours on Thursday, reaching $6.17. The company had a trading volume of 943 shares, compared to its average volume of 23,309. American Strategic Investment has a twelve month low of $5.52 and a twelve month high of $13.97. 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 has a market cap of $19.50 million, a price-to-earnings ratio of 1.26 and a beta of 0.19. The business’s 50-day simple moving average is $7.12 and its two-hundred day simple moving average is $8.02.

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

Insider Buying and Selling at American Strategic Investment

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of $6.81 per share, with a total value of $34,050.00. Following the purchase, the insider directly owned 794,620 shares of the company’s stock, valued at $5,411,362.20. This trade represents a 0.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.97% of the company’s stock.

About American Strategic Investment

American Strategic Investment Co is a real estate company focused on owning, managing and operating commercial properties in the New York City metropolitan area. Its portfolio has primarily included office properties, along with retail, medical-office and other mixed-use real estate assets.

The company seeks to generate value through property operations, leasing and active asset management. Its properties are generally positioned to serve businesses, healthcare providers, retailers and other tenants in established New York City locations.

American Strategic Investment Co was formerly known as New York City REIT, Inc and adopted its current name as part of a broader strategy focused on strategically located New York City real estate.