EuroDry Ltd. (NASDAQ:EDRY) Short Interest Down 60.0% in March

EuroDry Ltd. (NASDAQ:EDRY - Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 200 shares, a decline of 60.0% from the March 15th total of 500 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On EuroDry

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG grew its stake in EuroDry by 304.0% in the fourth quarter. UBS Group AG now owns 2,731 shares of the company's stock worth $47,000 after purchasing an additional 2,055 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in EuroDry in the 4th quarter worth approximately $172,000. Susquehanna International Group LLP bought a new stake in EuroDry in the 4th quarter worth approximately $189,000. Linden Thomas Advisory Services LLC increased its stake 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. Finally, Renaissance Technologies LLC increased its stake 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. Institutional investors own 2.44% of the company's stock.

EuroDry Price Performance

EDRY traded up $0.17 during midday trading on Thursday, hitting $20.38. The stock had a trading volume of 6,361 shares, compared to its average volume of 9,058. The company has a market cap of $57.80 million, a P/E ratio of -19.60 and a beta of 0.71. The business has a fifty day moving average of $21.50 and a 200 day moving average of $18.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 0.95. EuroDry has a 1 year low of $13.42 and a 1 year high of $23.98.

EuroDry (NASDAQ:EDRY - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.70 earnings per share for the quarter, beating 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 the consensus estimate of $11.70 million. As a group, equities analysts forecast that EuroDry will post 2.15 earnings per share for the current fiscal 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.

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