EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

EuroDry Ltd. (NASDAQ:EDRY) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 500 shares, a drop of 93.1% from the December 31st total of 7,200 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

EuroDry Price Performance

EDRY traded down $0.04 during midday trading on Tuesday, reaching $11.30. 1,972 shares of the company’s stock were exchanged, compared to its average volume of 5,910. The stock has a market capitalization of $32.09 million, a PE ratio of -5.14 and a beta of 0.78. The business’s 50-day moving average price is $12.10 and its 200 day moving average price is $17.23. EuroDry has a 1-year low of $10.04 and a 1-year high of $24.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.84 and a quick ratio of 0.74.

Hedge Funds Weigh In On EuroDry

A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC lifted its stake in EuroDry Ltd. (NASDAQ:EDRY) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,693 shares of the company’s stock after acquiring an additional 4,289 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 1.05% of EuroDry worth $333,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 2.44% of the company’s stock.

About EuroDry

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.