Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 200 shares, a decline of 50.0% from the January 15th total of 400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Towerview LLC lifted its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 348,000 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. Gyrodyne makes up approximately 1.7% of Towerview LLC’s investment portfolio, making the stock its 10th largest holding. Towerview LLC owned 15.82% of Gyrodyne worth $2,697,000 as of its most recent SEC filing. 71.36% of the stock is currently owned by institutional investors.

Gyrodyne Stock Up 1.3 %

Gyrodyne stock traded up $0.12 during trading hours on Friday, reaching $9.12. The stock had a trading volume of 177 shares, compared to its average volume of 434. Gyrodyne has a 52 week low of $7.65 and a 52 week high of $11.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 1.78. The business’s 50 day moving average price is $9.24 and its 200-day moving average price is $8.95.

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.