Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 5,800 shares, a drop of 13.4% from the October 31st total of 6,700 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.4% of the company’s stock are short sold.

Gyrodyne Price Performance

Shares of GYRO stock remained flat at $9.92 during trading hours on Tuesday. The stock had a trading volume of 86 shares, compared to its average volume of 1,326. 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. The firm has a 50 day moving average of $9.44 and a two-hundred day moving average of $8.49.

Insider Activity at Gyrodyne

In other Gyrodyne news, major shareholder Towerview Llc sold 6,654 shares of Gyrodyne stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $11.42, for a total transaction of $75,988.68. Following the completion of the transaction, the insider now owns 341,346 shares in the company, valued at approximately $3,898,171.32. The trade was a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gyrodyne

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

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.