Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Up 12.5% in December

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 900 shares, a growth of 12.5% from the November 30th total of 800 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Insider Activity

In other Gyrodyne news, major shareholder Towerview Llc sold 6,654 shares of the 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 completion of the sale, the insider now owns 341,346 shares in the company, valued at $3,898,171.32. This represents a 1.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management raised its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,715 shares of the real estate investment trust’s stock after purchasing an additional 2,924 shares during the period. Round Hill Asset Management owned 0.90% of Gyrodyne worth $153,000 as of its most recent SEC filing. 71.36% of the stock is owned by institutional investors.

Gyrodyne Stock Down 4.0 %

Shares of Gyrodyne stock traded down $0.38 during trading on Wednesday, hitting $9.02. 702 shares of the stock traded hands, compared to its average volume of 2,759. The company has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $8.70. Gyrodyne has a twelve month low of $7.65 and a twelve month 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.

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.