Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,300 shares, an increase of 616.7% from the February 29th total of 600 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is currently 3.3 days.

Hedge Funds Weigh In On Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Teton Advisors Inc. increased its position in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 18.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,040 shares of the real estate investment trust’s stock after purchasing an additional 2,902 shares during the quarter. Teton Advisors Inc. owned 1.28% of Gyrodyne worth $163,000 at the end of the most recent reporting period. Institutional investors own 71.36% of the company’s stock.

Gyrodyne Price Performance

Gyrodyne stock opened at $8.30 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $8.47 and a 200-day moving average of $9.27. Gyrodyne has a 52 week low of $7.88 and a 52 week high of $12.66.

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.