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

American Strategic Investment Co. (NYSE:NYC) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,900 shares, an increase of 30.0% from the March 15th total of 3,000 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.

American Strategic Investment Stock Up 2.9 %

NYSE:NYC opened at $11.70 on Monday. The business’s 50-day moving average price is $10.88 and its 200 day moving average price is $9.65. American Strategic Investment has a 52-week low of $5.46 and a 52-week high of $13.59. The firm has a market cap of $30.82 million, a P/E ratio of -0.14 and a beta of 0.08.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.06) by ($0.54). American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. The business had revenue of $14.89 million during the quarter, compared to analyst estimates of $14.74 million.

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.