EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

EuroDry Ltd. (NASDAQ:EDRY) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 300 shares, an increase of 50.0% from the March 31st total of 200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of EuroDry

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC boosted its holdings in shares of EuroDry Ltd. (NASDAQ:EDRY) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,917 shares of the company’s stock after buying an additional 3,362 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.56% of EuroDry worth $303,000 at the end of the most recent reporting period. 2.44% of the stock is currently owned by hedge funds and other institutional investors.

EuroDry Stock Down 1.8 %

Shares of NASDAQ:EDRY traded down $0.38 during midday trading on Monday, reaching $20.20. The company had a trading volume of 6,713 shares, compared to its average volume of 8,679. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average price is $21.40 and its 200 day moving average price is $19.49. The stock has a market cap of $57.29 million, a PE ratio of -19.42 and a beta of 0.71. EuroDry has a 1-year low of $13.42 and a 1-year high of $23.98.

EuroDry (NASDAQ:EDRY) last released its earnings results on Thursday, February 15th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.45. The business had revenue of $15.90 million for the quarter, compared to the consensus estimate of $11.70 million. EuroDry had a positive return on equity of 0.30% and a negative net margin of 6.11%. Research analysts forecast that EuroDry will post 2.15 EPS for the current fiscal year.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.