Gyrodyne , LLC (NASDAQ:GYRO – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 424 shares, a decrease of 58.3% from the September 30th total of 1,017 shares. Based on an average daily trading volume, of 2,087 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.
Gyrodyne Price Performance
Shares of Gyrodyne stock traded down $0.02 during midday trading on Friday, hitting $4.30. 1,586 shares of the company were exchanged, compared to its average volume of 2,562. The firm has a 50 day simple moving average of $4.84 and a 200-day simple moving average of $6.71. Gyrodyne has a 52 week low of $4.09 and a 52 week high of $9.80.
About Gyrodyne
Gyrodyne, Inc (NASDAQ: GYRO) is a real estate company that owns, leases and manages commercial properties in the United States. Its portfolio has historically focused on medical office buildings as well as industrial and traditional office properties.
The company’s properties have primarily been located in New York, including sites on Long Island and in Westchester County, with additional historical operations in Florida. Gyrodyne has provided space for medical practices, professional services, office users and other commercial tenants.
Founded in 1946, Gyrodyne originally had ties to the aviation industry before transitioning into commercial real estate.
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