Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a drop of 50.0% from the January 15th total of 400 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Gyrodyne

An institutional investor recently raised its position in Gyrodyne stock. Towerview LLC grew its holdings in Gyrodyne, LLC (NASDAQ:GYRO) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 348,000 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the period. Gyrodyne comprises approximately 1.7% of Towerview LLC’s holdings, making the stock its 10th largest holding. Towerview LLC owned approximately 15.82% of Gyrodyne worth $2,697,000 as of its most recent SEC filing. 71.36% of the stock is owned by institutional investors.

Gyrodyne Price Performance

GYRO traded up $0.12 during trading on Friday, reaching $9.12. The company had a trading volume of 177 shares, compared to its average volume of 434. The business has a 50 day simple moving average of $9.24 and a 200-day simple moving average of $8.95. Gyrodyne has a 52 week low of $7.65 and a 52 week 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.

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.