Gyrodyne, LLC (NASDAQ:GYRO) Short Interest Update

Gyrodyne, LLC (NASDAQ:GYRO) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 5,100 shares, a decrease of 12.1% from the September 30th total of 5,800 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.3% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, major shareholder Towerview Llc sold 6,654 shares of Gyrodyne stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $11.42, for a total transaction of $75,988.68. Following the completion of the sale, the insider now directly owns 341,346 shares in the company, valued at approximately $3,898,171.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gyrodyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GYRO. Gamco Investors INC. ET AL purchased a new position in shares of Gyrodyne during the 1st quarter worth approximately $120,000. Gabelli Funds LLC grew its holdings in Gyrodyne by 47.5% during the 1st quarter. Gabelli Funds LLC now owns 219,825 shares of the real estate investment trust’s stock valued at $1,825,000 after buying an additional 70,788 shares during the last quarter. Towerview LLC raised 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 worth $2,724,000 after acquiring an additional 4,704 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Gyrodyne by 56.4% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 62,393 shares in the last quarter. Finally, Teton Advisors Inc. boosted its stake 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 acquiring an additional 6,376 shares during the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

Gyrodyne Price Performance

Shares of NASDAQ:GYRO remained flat at $10.30 during midday trading on Thursday. The stock had a trading volume of 98 shares, compared to its average volume of 2,938. Gyrodyne has a fifty-two week low of $7.65 and a fifty-two week high of $11.96. The firm has a fifty day simple moving average of $8.51 and a 200 day simple moving average of $8.15.

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.