Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Down 50.0% in January

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a large 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. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management lifted its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Gyrodyne Stock Performance

NASDAQ:GYRO opened at $9.12 on Friday. The stock’s 50 day moving average price is $9.24 and its two-hundred day moving average price is $8.95. 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.