Gyrodyne , LLC (NASDAQ:GYRO – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 165 shares, an increase of 211.3% from the April 30th total of 53 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 0.3 days.
Gyrodyne Price Performance
NASDAQ:GYRO opened at $7.05 on Friday. The company’s 50-day moving average price is $7.58 and its 200-day moving average price is $8.56. Gyrodyne has a twelve month low of $6.70 and a twelve month high of $12.00.
Hedge Funds Weigh In On Gyrodyne
Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Gyrodyne in the third quarter worth about $77,000. Susquehanna International Group LLP purchased a new position in shares of Gyrodyne in the third quarter worth about $142,000. Teton Advisors LLC purchased a new position in shares of Gyrodyne in the third quarter worth about $177,000. Finally, Bulldog Investors LLP purchased a new position in Gyrodyne during the third quarter worth about $601,000. 71.36% of the stock is owned by hedge funds and other institutional investors.
About Gyrodyne
Gyrodyne Company of America, Inc is a New York–based real estate investment and development firm specializing in medical office buildings and professional facilities. Listed on the NASDAQ under the ticker GYRO, the company’s principal business activity is the ownership, leasing and management of commercial properties tailored to healthcare and life sciences tenants. By focusing on outpatient diagnostic and treatment centers, clinical laboratories and related professional suites, Gyrodyne generates steady rental income and seeks to provide purpose-built environments that meet the specific needs of medical practitioners and research organizations.
The company’s core property portfolio is anchored by an approximately 87-acre campus situated in Stony Brook, Long Island.
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