Short Interest in EuroDry (NASDAQ:EDRY) Increases By 154.5%

Key Points

• Short interest surged 154.5% to 11,188 shares by July 31, though that represents just 0.4% of EuroDry’s outstanding shares and a short-interest ratio of 0.1 days.
• EuroDry reported a significant quarterly earnings beat, with EPS of $2.44 versus the $1.23 consensus. Revenue of $17.70 million was close to estimates, while analysts raised the full-year EPS forecast to $5.77.
• Despite generally favorable analyst ratings, the stock’s recent price near $38–$40 is well above the $23.50 consensus price target; recent insider selling adds a note of caution.

EuroDry (NASDAQ:EDRY - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,188 shares, an increase of 154.5% from the July 15th total of 4,396 shares. Based on an average daily volume of 135,011 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

EuroDry Trading Up 1.3%

NASDAQ EDRY opened at $38.64 on Friday. The firm has a market capitalization of $111.67 million, a PE ratio of 11.67 and a beta of 0.68. The business's 50-day moving average price is $24.81 and its two-hundred day moving average price is $21.30. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69. EuroDry has a 12 month low of $10.18 and a 12 month high of $40.00.

EuroDry (NASDAQ:EDRY - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $1.21. The firm had revenue of $17.70 million for the quarter, compared to the consensus estimate of $17.86 million. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. On average, analysts expect that EuroDry will post 5.77 EPS for the current year.

EuroDry News Summary

Here are the key news stories impacting EuroDry this week:

• Positive Sentiment: Raised earnings outlook: Noble Financial reportedly increased its Q3 2026 EPS forecast to $1.70 from $1.29 and its full-year forecast to $5.77 from $4.27. Higher estimates reinforce the bullish earnings narrative for EuroDry. Noble Financial EuroDry earnings forecast
• Positive Sentiment: Significant quarterly earnings beat: EuroDry reported quarterly EPS of $2.44, exceeding the $1.23 analyst consensus by $1.21. Net margin was 15.02%, while revenue of $17.70 million was broadly close to the $17.86 million estimate. The results help explain the stock’s recent strength.
• Positive Sentiment: Generally favorable analyst stance: Alliance Global Partners reiterated a Buy rating, while Zacks Research and Wall Street Zen have issued Strong Buy upgrades. BlackRock also initiated a small position of 2,135 shares, providing modest institutional validation.
• Neutral Sentiment: Mixed valuation signals: MarketBeat reports a Moderate Buy consensus, but the average price target of $23.50 is substantially below the stock’s recent trading level near $38–$40. This may indicate that the recent rally has outpaced existing analyst targets.
• Negative Sentiment: Cluster of insider selling: Corporate Secretary Stefania Karmiri sold 400 shares for $15,400, Director Aristeidis P. Pittas sold 500 shares for $18,900, and insider Symeon Pariaros sold 1,900 shares for $75,962. Karmiri reduced her holdings by 32%, while Pariaros cut his position by 20.71%. Although the sales are relatively small, the concentration of selling near the stock’s highs may create investor caution. EuroDry insider sales report

Insider Buying and Selling

In other EuroDry news, insider Symeon Pariaros sold 1,900 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $39.98, for a total value of $75,962.00. Following the transaction, the insider directly owned 7,276 shares of the company's stock, valued at $290,894.48. This represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 2,800 shares of company stock valued at $110,262. 51.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EuroDry

An institutional investor recently bought a new stake in EuroDry stock. BlackRock Inc. purchased a new stake in shares of EuroDry (NASDAQ:EDRY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,135 shares of the company's stock, valued at approximately $47,000. BlackRock Inc. owned approximately 0.07% of EuroDry at the end of the most recent quarter. 2.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EDRY has been the topic of several recent research reports. Wall Street Zen upgraded EuroDry from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 3rd. Weiss Ratings downgraded EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, May 26th. Zacks Research upgraded shares of EuroDry from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Finally, Alliance Global Partners reiterated a "buy" rating on shares of EuroDry in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.50.

EuroDry Company Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.

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