Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 6,500 shares, a decline of 11.0% from the July 31st total of 7,300 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 8.1 days. Currently, 0.4% of the shares of the stock are sold short.

Gyrodyne Trading Down 1.9 %

NASDAQ:GYRO traded down $0.15 during mid-day trading on Tuesday, reaching $7.75. 366 shares of the company were exchanged, compared to its average volume of 2,445. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. Gyrodyne has a 12 month low of $7.75 and a 12 month high of $11.00. The company has a fifty day moving average of $8.04 and a 200 day moving average of $8.01.

Hedge Funds Weigh In On Gyrodyne

A number of large investors have recently modified their holdings of the stock. Towerview LLC increased its holdings in shares of Gyrodyne by 1.4% in the second quarter. Towerview LLC now owns 347,000 shares of the real estate investment trust’s stock valued at $2,724,000 after purchasing an additional 4,704 shares in the last quarter. Teton Advisors Inc. boosted its position in Gyrodyne by 40.0% in the 1st quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 6,376 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Gyrodyne in the 1st quarter valued at $120,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Gyrodyne by 56.4% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock valued at $1,437,000 after buying an additional 62,393 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Gyrodyne by 47.5% during the first quarter. Gabelli Funds LLC now owns 219,825 shares of the real estate investment trust’s stock worth $1,825,000 after acquiring an additional 70,788 shares during the last quarter. 71.36% of the stock is currently owned by institutional investors and hedge funds.

Gyrodyne Company Profile

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. Gyrodyne owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of plans to seek value-enhancing entitlements.