EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

EuroDry Ltd. (NASDAQ:EDRY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,100 shares, a decline of 77.6% from the June 30th total of 4,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of EuroDry

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC lifted its stake in EuroDry Ltd. (NASDAQ:EDRY) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,570 shares of the company’s stock after acquiring an additional 1,944 shares during the period. Linden Thomas Advisory Services LLC owned 0.76% of EuroDry worth $530,000 as of its most recent filing with the Securities and Exchange Commission. 2.44% of the stock is currently owned by institutional investors.

EuroDry Price Performance

EuroDry stock traded down $0.64 during midday trading on Thursday, reaching $22.70. 14,127 shares of the stock traded hands, compared to its average volume of 10,567. The firm has a fifty day moving average price of $22.89 and a two-hundred day moving average price of $21.73. EuroDry has a fifty-two week low of $13.83 and a fifty-two week high of $24.84. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($1.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.89). The company had revenue of $14.43 million during the quarter, compared to analyst estimates of $15.14 million. EuroDry had a negative return on equity of 2.88% and a negative net margin of 6.22%. As a group, research analysts expect that EuroDry will post 1.52 earnings per share 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.