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

American Strategic Investment Co. (NYSE:NYC) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,222 shares, an increase of 97.2% from the August 15th total of 4,169 shares. Based on an average daily volume of 36,468 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Insiders Place Their Bets

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch acquired 8,000 shares of American Strategic Investment stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $9.53 per share, for a total transaction of $76,240.00. Following the purchase, the insider directly owned 1,089,620 shares of the company’s stock, valued at $10,384,078.60. This trade represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders acquired a total of 21,500 shares of company stock valued at $185,105 over the last 90 days. 3.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of American Strategic Investment from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

American Strategic Investment Stock Performance

Shares of NYSE NYC traded up $0.03 during trading on Thursday, reaching $5.90. 3,843 shares of the stock traded hands, compared to its average volume of 23,548. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $18.64 million, a P/E ratio of 1.20 and a beta of 0.19. American Strategic Investment has a 52-week low of $5.61 and a 52-week high of $13.97. The company has a 50-day moving average of $7.55 and a 200-day moving average of $8.18.

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. American Strategic Investment had a negative return on equity of 50.85% and a net margin of 38.87%.The firm had revenue of $7.32 million during the quarter.

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.