Gyrodyne LLC (NASDAQ:GYRO) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 1,400 shares, a decline of 22.2% from the June 15th total of 1,800 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.1% of the shares of the stock are sold short.

NASDAQ:GYRO traded up $0.04 during trading hours on Monday, hitting $18.37. 1,590 shares of the stock traded hands, compared to its average volume of 294. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.62 and a quick ratio of 3.62. Gyrodyne has a 1 year low of $16.76 and a 1 year high of $21.16. The firm has a 50 day moving average of $18.75.

An institutional investor recently raised its position in Gyrodyne stock. Gabelli Funds LLC raised its position in shares of Gyrodyne LLC (NASDAQ:GYRO) by 15.9% during the 1st quarter, according to 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 quarter. Gabelli Funds LLC owned 2.98% of Gyrodyne worth $795,000 as of its most recent SEC filing. 33.35% of the stock is currently owned by hedge funds and other institutional investors.

Gyrodyne Company Profile

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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