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

Gyrodyne, LLC (NASDAQ:GYRO) saw a significant growth in short interest in the month of 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 trading volume of 2,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Gyrodyne Trading Down 4.0 %

Shares of GYRO stock traded down $0.38 during mid-day trading on Wednesday, reaching $9.02. The stock had a trading volume of 702 shares, compared to its average volume of 2,759. Gyrodyne has a one year low of $7.65 and a one year high of $11.96. The firm’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $8.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 1.78.

Insider Activity

In related news, major shareholder Towerview Llc sold 6,654 shares of Gyrodyne stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $11.42, for a total transaction of $75,988.68. Following the sale, the insider now directly owns 341,346 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management boosted its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the third quarter, according to the company in its most recent Form 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 period. Round Hill Asset Management owned about 0.90% of Gyrodyne worth $153,000 as of its most recent SEC filing. 71.36% of the stock is currently owned by institutional investors.

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.