American Strategic Investment Co. (NYSE:NYC) Sees Significant Decrease in Short Interest

American Strategic Investment Co. (NYSE:NYC) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 1,302 shares, a decrease of 19.3% from the March 31st total of 1,614 shares. Based on an average daily volume of 2,379 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

American Strategic Investment Stock Performance

Shares of NYSE:NYC remained flat at $8.03 during midday trading on Thursday. The company had a trading volume of 1,132 shares, compared to its average volume of 1,983. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.03 and a current ratio of 0.03. American Strategic Investment has a fifty-two week low of $7.03 and a fifty-two week high of $16.30. The company has a market capitalization of $21.60 million, a price-to-earnings ratio of -0.91 and a beta of 0.26. The company has a fifty day simple moving average of $8.34 and a two-hundred day simple moving average of $8.64.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Monday, April 13th. The company reported ($2.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.72) by ($0.90). American Strategic Investment had a negative net margin of 48.97% and a negative return on equity of 105.28%. The company had revenue of $6.48 million during the quarter, compared to analyst estimates of $14.39 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Strategic Investment presently has an average 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.