Short Interest in Gyrodyne, LLC (NASDAQ:GYRO) Increases By 100.0%

Gyrodyne, LLC (NASDAQ:GYRO) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 200 shares, a growth of 100.0% from the February 13th total of 100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of 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 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,715 shares of the real estate investment trust’s stock after buying an additional 2,924 shares during the quarter. Round Hill Asset Management owned approximately 0.90% of Gyrodyne worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 71.36% of the company’s stock.

Gyrodyne Stock Performance

Shares of NASDAQ GYRO opened at $8.62 on Friday. The business has a 50-day moving average of $8.99 and a 200-day moving average of $9.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 1.78. Gyrodyne has a 12 month low of $7.65 and a 12 month high of $11.96.

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.