Short Interest in Gyrodyne, LLC (NASDAQ:GYRO) Drops By 50.0%

Gyrodyne, LLC (NASDAQ:GYRO) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 100 shares, a decline of 50.0% from the January 31st total of 200 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management grew its holdings in Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,715 shares of the real estate investment trust’s stock after buying an additional 2,924 shares during the period. Round Hill Asset Management owned 0.90% of Gyrodyne worth $153,000 as of its most recent filing with the Securities & Exchange Commission. 71.36% of the stock is owned by institutional investors and hedge funds.

Gyrodyne Price Performance

Gyrodyne stock traded down $0.60 during mid-day trading on Friday, reaching $8.51. 319 shares of the company traded hands, compared to its average volume of 701. The firm’s fifty day moving average is $9.13 and its two-hundred day moving average is $9.02. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. Gyrodyne has a fifty-two week low of $7.65 and a fifty-two week high of $11.96.

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.