Gyrodyne , LLC (NASDAQ:GYRO – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,295 shares, an increase of 257.7% from the July 30th total of 362 shares. Based on an average daily trading volume, of 1,475 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Gyrodyne
An institutional investor recently bought a new position in Gyrodyne stock. Advisory Services Network LLC bought a new stake in shares of Gyrodyne , LLC (NASDAQ:GYRO – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,720 shares of the real estate investment trust’s stock, valued at approximately $77,000. Advisory Services Network LLC owned about 0.35% of Gyrodyne 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 Stock Down 0.2%
NASDAQ:GYRO opened at $5.18 on Friday. The firm’s 50-day moving average price is $5.72 and its 200-day moving average price is $7.04. Gyrodyne has a 1-year low of $5.18 and a 1-year high of $11.00.
Gyrodyne Company Profile
Gyrodyne Company of America, Inc is a New York–based real estate investment and development firm specializing in medical office buildings and professional facilities. Listed on the NASDAQ under the ticker GYRO, the company’s principal business activity is the ownership, leasing and management of commercial properties tailored to healthcare and life sciences tenants. By focusing on outpatient diagnostic and treatment centers, clinical laboratories and related professional suites, Gyrodyne generates steady rental income and seeks to provide purpose-built environments that meet the specific needs of medical practitioners and research organizations.
The company’s core property portfolio is anchored by an approximately 87-acre campus situated in Stony Brook, Long Island.
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