Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

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

Insider Buying and Selling at Gyrodyne

In related news, major shareholder Towerview Llc sold 6,654 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $11.42, for a total value of $75,988.68. Following the transaction, the insider now owns 341,346 shares of the company’s stock, valued at approximately $3,898,171.32. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of Gyrodyne

An institutional investor recently raised its position in Gyrodyne stock. Round Hill Asset Management lifted its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,715 shares of the real estate investment trust’s stock after acquiring an additional 2,924 shares during the quarter. Round Hill Asset Management owned approximately 0.90% of Gyrodyne worth $153,000 at the end of the most recent reporting period. 71.36% of the stock is owned by hedge funds and other institutional investors.

Gyrodyne Stock Performance

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

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.