Short Interest in Gyrodyne, LLC (NASDAQ:GYRO) Declines By 6.2%

Gyrodyne, LLC (NASDAQ:GYRO) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,100 shares, a decline of 6.2% from the August 15th total of 6,500 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 10.2 days. Approximately 0.4% of the company’s stock are short sold.

Gyrodyne Stock Up 3.7 %

Shares of Gyrodyne stock opened at $8.09 on Friday. Gyrodyne has a fifty-two week low of $7.65 and a fifty-two week high of $10.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a fifty day moving average price of $7.98 and a two-hundred day moving average price of $7.99.

Hedge Funds Weigh In On Gyrodyne

A number of hedge funds and other institutional investors have recently made changes to their positions in GYRO. Towerview LLC grew its holdings in shares of Gyrodyne by 1.4% during the second quarter. Towerview LLC now owns 347,000 shares of the real estate investment trust’s stock worth $2,724,000 after purchasing an additional 4,704 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Gyrodyne by 56.4% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock worth $1,437,000 after buying an additional 62,393 shares during the last quarter. Gabelli Funds LLC grew its holdings in Gyrodyne by 47.5% during the first quarter. Gabelli Funds LLC now owns 219,825 shares of the real estate investment trust’s stock valued at $1,825,000 after purchasing an additional 70,788 shares during the period. Teton Advisors Inc. grew its holdings in shares of Gyrodyne by 40.0% in the 1st quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 6,376 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Gyrodyne during the first quarter worth about $120,000. 71.36% of the stock is owned by institutional investors.

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.