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

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 200 shares, an increase 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 presently 0.4 days.

Gyrodyne Trading Down 1.7 %

Shares of NASDAQ GYRO opened at $8.62 on Friday. Gyrodyne has a 52 week low of $7.65 and a 52 week high of $11.96. The business has a 50-day simple moving average of $8.99 and a two-hundred day simple moving average of $9.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 1.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management boosted its stake in Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,715 shares of the real estate investment trust’s stock after purchasing 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 & Exchange Commission. Institutional investors own 71.36% of the company’s stock.

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.