American Strategic Investment Co. (NYSE:NYC – Get Free Report) was the recipient of a large 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. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 78,599 shares, the days-to-cover ratio is presently 0.1 days.
American Strategic Investment Stock Performance
NYC stock traded down $0.62 during midday trading on Monday, hitting $6.94. 21,068 shares of the company traded hands, compared to its average volume of 23,220. American Strategic Investment has a twelve month low of $6.63 and a twelve month high of $13.97. The stock has a market capitalization of $18.67 million, a price-to-earnings ratio of 1.42 and a beta of 0.19. 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 business has a 50 day simple moving average of $8.49 and a 200-day simple moving average of $8.64.
American Strategic Investment (NYSE:NYC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($3.04) earnings per share for the quarter. The firm had revenue of $7.32 million during the quarter. American Strategic Investment had a negative return on equity of 50.85% and a net margin of 38.87%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on American Strategic Investment
Insider Transactions at American Strategic Investment
In related news, major shareholder Nicholas S. Schorsch bought 8,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $9.53 per share, with a total value of $76,240.00. Following the purchase, the insider directly owned 1,089,620 shares of the company’s stock, valued at approximately $10,384,078.60. This represents a 0.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 18,000 shares of company stock valued at $163,490. 3.97% of the stock is owned by corporate 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.
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