Gyrodyne, LLC (NASDAQ:GYRO) Sees Large Growth in Short Interest

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 200 shares, an increase of 100.0% from the February 13th total of 100 shares. Based on an average trading volume of 500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Gyrodyne Trading Down 1.7 %

NASDAQ:GYRO traded down $0.15 on Friday, hitting $8.62. The stock had a trading volume of 1,987 shares, compared to its average volume of 2,537. The business’s fifty day moving average is $9.01 and its 200 day moving average is $9.05. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.37. Gyrodyne has a 52 week low of $7.65 and a 52 week high of $11.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management grew its stake in Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,715 shares of the real estate investment trust’s stock after purchasing an additional 2,924 shares during the quarter. Round Hill Asset Management owned approximately 0.90% of Gyrodyne worth $153,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 71.36% of the company’s stock.

About Gyrodyne

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.