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

American Strategic Investment Co. (NYSE:NYC) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,600 shares, a decrease of 36.6% from the August 15th total of 4,100 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

American Strategic Investment Trading Up 3.4 %

Shares of NYSE:NYC traded up $0.31 during trading on Friday, reaching $9.50. 14,008 shares of the company traded hands, compared to its average volume of 5,334. American Strategic Investment has a 52-week low of $5.46 and a 52-week high of $10.91. The firm has a market capitalization of $24.50 million, a price-to-earnings ratio of -0.21 and a beta of 0.13. The business’s fifty day moving average is $8.96 and its 200-day moving average is $8.11.

Insider Activity

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch purchased 125,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were purchased at an average cost of $11.00 per share, with a total value of $1,375,000.00. Following the completion of the purchase, the insider now owns 910,195 shares of the company’s stock, valued at approximately $10,012,145. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have bought 128,364 shares of company stock worth $1,404,642. 1.38% of the stock is currently owned by insiders.

American Strategic Investment Company Profile

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.