EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

EuroDry Ltd. (NASDAQ:EDRY) was the recipient of a large increase in short interest in 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. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 8,500 shares, the short-interest ratio is currently 0.0 days.

EuroDry Trading Down 1.8 %

Shares of EDRY stock traded down $0.38 during mid-day trading on Monday, hitting $20.20. The company’s stock had a trading volume of 6,713 shares, compared to its average volume of 8,679. The company’s fifty day simple moving average is $21.40 and its 200-day simple moving average is $19.49. EuroDry has a 52 week low of $13.42 and a 52 week high of $23.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 0.95. The company has a market cap of $57.29 million, a PE ratio of -19.42 and a beta of 0.71.

EuroDry (NASDAQ:EDRY) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.45. EuroDry had a positive return on equity of 0.30% and a negative net margin of 6.11%. The firm had revenue of $15.90 million during the quarter, compared to analyst estimates of $11.70 million. As a group, equities research analysts expect that EuroDry will post 2.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC lifted its holdings in EuroDry Ltd. (NASDAQ:EDRY) by 26.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,917 shares of the company’s stock after acquiring an additional 3,362 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.56% of EuroDry worth $303,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 2.44% of the company’s stock.

About EuroDry

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.