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

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 600 shares, a drop of 33.3% from the December 15th total of 900 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Gyrodyne Stock Performance

GYRO opened at $9.06 on Wednesday. The stock has a 50-day moving average price of $9.50 and a 200-day moving average price of $8.78. Gyrodyne has a 1 year low of $7.65 and a 1 year high of $11.96. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at Gyrodyne

In related news, major shareholder Towerview Llc sold 6,654 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $11.42, for a total value of $75,988.68. Following the sale, the insider now owns 341,346 shares in the company, valued at $3,898,171.32. This represents a 1.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 12.10% of the company’s stock.

Institutional Trading of Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management lifted its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.90% of Gyrodyne worth $153,000 at the end of the most recent reporting period. Institutional investors 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.