American Strategic Investment Co. (NYSE:NYC) Sees Large Drop in Short Interest

American Strategic Investment Co. (NYSE:NYC) was the target of a significant drop in short interest during the month of 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. Approximately 0.2% of the company’s shares are sold short.

Insider Transactions at American Strategic Investment

In related 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 stock was purchased at an average price of $6.81 per share, with a total value of $34,050.00. Following the completion of the transaction, the insider owned 794,620 shares of the company’s stock, valued at approximately $5,411,362.20. This trade represents a 0.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.97% of the company’s stock.

American Strategic Investment Stock Down 1.1%

American Strategic Investment stock traded down $0.07 during midday trading on Friday, hitting $6.09. 1,189 shares of the stock were exchanged, compared to its average volume of 23,186. American Strategic Investment has a 1 year low of $5.52 and a 1 year high of $13.97. The firm has a market cap of $19.24 million, a P/E ratio of 1.24 and a beta of 0.15. 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 company has a 50 day moving average price of $7.08 and a two-hundred day moving average price of $8.01.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($3.04) earnings per share (EPS) for the quarter. American Strategic Investment had a net margin of 38.87% and a negative return on equity of 50.85%. The company had revenue of $7.32 million during the quarter.

Wall Street Analysts Forecast Growth

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

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.