EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

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

EuroDry Stock Up 4.9 %

EuroDry stock traded up $0.53 during midday trading on Monday, hitting $11.45. 15,330 shares of the stock were exchanged, compared to its average volume of 7,733. The company has a 50 day moving average price of $12.90 and a two-hundred day moving average price of $18.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.84 and a quick ratio of 0.74. The firm has a market cap of $32.47 million, a P/E ratio of -5.20 and a beta of 0.78. EuroDry has a 1 year low of $10.04 and a 1 year high of $24.84.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EuroDry stock. Renaissance Technologies LLC grew its stake in shares of EuroDry Ltd. (NASDAQ:EDRY) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,100 shares of the company’s stock after acquiring an additional 900 shares during the period. Renaissance Technologies LLC owned about 1.94% of EuroDry worth $1,353,000 at the end of the most recent quarter. 2.44% of the stock is owned by institutional investors and hedge funds.

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.