Gyrodyne, LLC (NASDAQ:GYRO) Sees Large Growth in Short Interest

Gyrodyne, LLC (NASDAQ:GYRO) was the recipient of a large growth in short interest during 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 0.4 days.

Gyrodyne Stock Down 4.0 %

Gyrodyne stock traded down $0.38 during mid-day trading on Wednesday, reaching $9.02. 702 shares of the company’s stock were exchanged, compared to its average volume of 2,759. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 1.78. Gyrodyne has a twelve month low of $7.65 and a twelve month high of $11.96. The company has a fifty day moving average of $9.73 and a 200-day moving average of $8.71.

Insider Activity at Gyrodyne

In other news, major shareholder Towerview Llc sold 6,654 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $11.42, for a total transaction of $75,988.68. Following the sale, the insider now owns 341,346 shares of the company’s stock, valued at approximately $3,898,171.32. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.10% of the stock is owned by insiders.

Institutional Trading of Gyrodyne

An institutional investor recently raised its position in Gyrodyne stock. Towerview LLC boosted its position in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,000 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. Gyrodyne comprises 1.7% of Towerview LLC’s investment portfolio, making the stock its 10th biggest holding. Towerview LLC owned about 15.82% of Gyrodyne worth $2,697,000 at the end of the most recent reporting period. 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.