Gyrodyne LLC (NASDAQ:GYRO) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 1,800 shares, a decrease of 40.0% from the May 30th total of 3,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 2.6 days.
A hedge fund recently raised its stake in Gyrodyne stock. Gabelli Funds LLC grew its position in Gyrodyne LLC (NASDAQ:GYRO) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,164 shares of the real estate investment trust’s stock after purchasing an additional 6,049 shares during the period. Gabelli Funds LLC owned approximately 2.98% of Gyrodyne worth $795,000 at the end of the most recent quarter. Institutional investors own 33.35% of the company’s stock.
Shares of NASDAQ GYRO traded up $0.17 during midday trading on Friday, hitting $18.61. The stock had a trading volume of 105 shares, compared to its average volume of 175. The firm’s 50 day moving average is $18.85. Gyrodyne has a 52 week low of $16.76 and a 52 week high of $21.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.62 and a current ratio of 3.62.
Gyrodyne, LLC. owns, leases and manages diverse commercial properties. The firm is distinguished by its service-oriented philosophy toward property ownership and management. Gyrodyne has grown from a largely Long Island player during the past into a diversified East Coast presence with an emphasis on medical office product.
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