Short Interest in EuroDry Ltd. (NASDAQ:EDRY) Grows By 50.0%

EuroDry Ltd. (NASDAQ:EDRY - Get Free Report) was the recipient of a significant increase in short interest in the month of 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 daily trading volume, of 8,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC increased its position in EuroDry Ltd. (NASDAQ:EDRY - Free Report) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,555 shares of the company's stock after purchasing an additional 1,612 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.44% of EuroDry worth $193,000 as of its most recent SEC filing. Institutional investors own 2.44% of the company's stock.

EuroDry Trading Up 0.7 %

Shares of NASDAQ EDRY traded up $0.15 during midday trading on Friday, hitting $20.58. The company's stock had a trading volume of 3,092 shares, compared to its average volume of 5,051. The company has a current ratio of 0.95, a quick ratio of 0.79 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $21.42 and its two-hundred day moving average is $19.43. EuroDry has a 12-month low of $13.42 and a 12-month high of $23.98. The firm has a market cap of $58.45 million, a P/E ratio of -19.79 and a beta of 0.71.

EuroDry (NASDAQ:EDRY - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $11.70 million. As a group, equities research 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. 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.