EuroDry Ltd. (NASDAQ:EDRY – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 500 shares, a decrease of 93.1% from the December 15th total of 7,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 0.1 days.
EuroDry Stock Performance
EDRY stock traded up $0.02 during trading on Tuesday, reaching $11.47. The stock had a trading volume of 4,682 shares, compared to its average volume of 7,348. EuroDry has a 52 week low of $10.04 and a 52 week high of $24.84. The stock’s 50 day moving average is $12.90 and its two-hundred day moving average is $18.13. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $32.53 million, a PE ratio of -5.21 and a beta of 0.78.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in EuroDry stock. Renaissance Technologies LLC raised its position in EuroDry Ltd. (NASDAQ:EDRY – Free Report) by 1.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,100 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.94% of EuroDry worth $1,353,000 at the end of the most recent quarter. 2.44% of the stock is owned by institutional investors and hedge funds.
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.
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