Short Interest in American Strategic Investment Co. (NYSE:NYC) Declines By 51.7%

American Strategic Investment Co. (NYSE:NYC) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 2,800 shares, a decline of 51.7% from the December 31st total of 5,800 shares. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

American Strategic Investment Trading Down 4.0 %

NYC traded down $0.40 during midday trading on Thursday, reaching $9.60. The company’s stock had a trading volume of 2,396 shares, compared to its average volume of 5,341. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $8.86. American Strategic Investment has a 1 year low of $5.46 and a 1 year high of $10.91. The firm has a market capitalization of $25.57 million, a price-to-earnings ratio of -0.11 and a beta of 0.12.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.62). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The company had revenue of $15.45 million for the quarter, compared to analysts’ expectations of $15.71 million. During the same quarter in the previous year, the business posted ($0.48) EPS.

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.