EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

EuroDry Ltd. (NASDAQ:EDRY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,100 shares, a drop of 77.6% from the June 30th total of 4,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.1 days.

EuroDry Trading Down 2.7 %

EuroDry stock traded down $0.64 during midday trading on Thursday, reaching $22.70. The stock had a trading volume of 14,127 shares, compared to its average volume of 10,567. The firm’s fifty day simple moving average is $22.89 and its two-hundred day simple moving average is $21.73. EuroDry has a twelve month low of $13.83 and a twelve month high of $24.84. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

EuroDry (NASDAQ:EDRY) last posted its quarterly earnings results on Tuesday, May 21st. The company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.89). The company had revenue of $14.43 million for the quarter, compared to analysts’ expectations of $15.14 million. EuroDry had a negative net margin of 6.22% and a negative return on equity of 2.88%. As a group, sell-side analysts anticipate that EuroDry will post 1.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC increased its holdings in EuroDry Ltd. (NASDAQ:EDRY) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,917 shares of the company’s stock after purchasing an additional 3,362 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.56% of EuroDry worth $303,000 at the end of the most recent quarter. 2.44% of the stock is owned by hedge funds and other institutional investors.

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.