EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

EuroDry Ltd. (NASDAQ:EDRY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a drop of 54.5% from the February 29th total of 1,100 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On EuroDry

A number of hedge funds have recently added to or reduced their stakes in EDRY. UBS Group AG raised its holdings in EuroDry by 340.6% in the 1st quarter. UBS Group AG now owns 6,296 shares of the company’s stock worth $213,000 after acquiring an additional 4,867 shares during the last quarter. Renaissance Technologies LLC raised its holdings in EuroDry by 43.3% in the 2nd quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock worth $682,000 after acquiring an additional 11,400 shares during the last quarter. Susquehanna International Group LLP purchased a new position in EuroDry in the 4th quarter worth approximately $189,000. B. Riley Wealth Advisors Inc. purchased a new position in EuroDry in the 4th quarter worth approximately $172,000. Finally, Linden Thomas Advisory Services LLC raised its holdings in EuroDry by 14.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 12,555 shares of the company’s stock worth $193,000 after acquiring an additional 1,612 shares during the last quarter. 2.44% of the stock is currently owned by hedge funds and other institutional investors.

EuroDry Stock Up 0.4 %

Shares of EDRY stock traded up $0.09 during trading hours on Thursday, hitting $20.84. 5,785 shares of the company’s stock traded hands, compared to its average volume of 9,733. The stock’s fifty day simple moving average is $21.57 and its two-hundred day simple moving average is $18.54. EuroDry has a 12-month low of $13.42 and a 12-month high of $23.98. The stock has a market cap of $59.19 million, a price-to-earnings ratio of -20.04 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.

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 the consensus estimate of $0.25 by $0.45. EuroDry had a negative net margin of 6.11% and a positive return on equity of 0.30%. The firm had revenue of $15.90 million during the quarter, compared to analyst estimates of $11.70 million. On average, analysts expect that EuroDry will post 2.15 EPS for the current year.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company 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. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.