Gyrodyne, LLC (NASDAQ:GYRO) Sees Significant Drop in Short Interest

Gyrodyne, LLC (NASDAQ:GYRO) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 6,100 shares, a decrease of 6.2% from the August 15th total of 6,500 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 10.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Towerview LLC increased its holdings in shares of Gyrodyne by 1.4% in the second quarter. Towerview LLC now owns 347,000 shares of the real estate investment trust’s stock valued at $2,724,000 after buying an additional 4,704 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Gyrodyne by 47.5% in the first quarter. Gabelli Funds LLC now owns 219,825 shares of the real estate investment trust’s stock worth $1,825,000 after purchasing an additional 70,788 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Gyrodyne by 56.4% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 62,393 shares during the last quarter. Teton Advisors Inc. raised its position in shares of Gyrodyne by 40.0% during the first quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 6,376 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Gyrodyne in the first quarter valued at about $120,000. 71.36% of the stock is owned by hedge funds and other institutional investors.

Gyrodyne Trading Up 3.7 %

GYRO opened at $8.09 on Thursday. Gyrodyne has a 1-year low of $7.65 and a 1-year high of $10.58. The stock’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $7.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 0.84.

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.