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

American Strategic Investment Co. (NYSE:NYC) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 634 shares, an increase of 27.8% from the November 30th total of 496 shares. Based on an average daily volume of 4,091 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,091 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, American Strategic Investment presently has a consensus rating of “Sell”.

American Strategic Investment Stock Down 0.1%

American Strategic Investment stock opened at $8.14 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. The business has a 50 day simple moving average of $8.24 and a 200-day simple moving average of $10.44. The stock has a market capitalization of $21.72 million, a PE ratio of -0.93 and a beta of 0.15. American Strategic Investment has a 12 month low of $7.03 and a 12 month high of $16.30.

American Strategic Investment (NYSE:NYC) last released its earnings results on Wednesday, November 19th. The company reported ($3.23) EPS for the quarter, missing analysts’ consensus estimates of ($1.76) by ($1.47). The company had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $14.26 million. American Strategic Investment had a negative return on equity of 97.07% and a negative net margin of 40.92%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC increased its position in shares of American Strategic Investment Co. (NYSE:NYC) by 3,757.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,436 shares of the company’s stock after buying an additional 16,984 shares during the quarter. Coppell Advisory Solutions LLC owned about 0.66% of American Strategic Investment worth $194,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 48.04% of the company’s stock.

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.