American Strategic Investment Co. (NYSE:NYC) Short Interest Up 63.8% in July

American Strategic Investment Co. (NYSE:NYC) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 10,520 shares, an increase of 63.8% from the July 15th total of 6,423 shares. Based on an average trading volume of 78,599 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday. 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

NYC stock remained flat at $7.02 during trading on Wednesday. 405 shares of the company traded hands, compared to its average volume of 23,211. The company has a market capitalization of $18.88 million, a PE ratio of 1.43 and a beta of 0.19. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.03 and a current ratio of 0.03. The company has a fifty day moving average price of $8.42 and a 200 day moving average price of $8.58. American Strategic Investment has a 12-month low of $6.63 and a 12-month high of $13.97.

American Strategic Investment (NYSE:NYC) last released 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 negative return on equity of 50.85% and a net margin of 38.87%.The firm had revenue of $7.32 million for the quarter.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch purchased 8,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $9.53 per share, with a total value of $76,240.00. Following the purchase, the insider directly owned 1,089,620 shares in the company, valued at $10,384,078.60. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 18,000 shares of company stock valued at $163,490 over the last three months. 3.97% of the stock is currently owned by company insiders.

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.