Short Interest in EuroDry Ltd. (NASDAQ:EDRY) Drops By 12.5%

EuroDry Ltd. (NASDAQ:EDRY) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a decrease of 12.5% from the October 31st total of 800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On EuroDry

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC raised its position in EuroDry Ltd. (NASDAQ:EDRY) by 9.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,570 shares of the company’s stock after acquiring an additional 1,944 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.76% of EuroDry worth $530,000 at the end of the most recent quarter. 2.44% of the stock is owned by institutional investors.

EuroDry Stock Performance

Shares of EDRY stock remained flat at $13.41 during trading hours on Tuesday. 6,180 shares of the stock were exchanged, compared to its average volume of 8,666. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $17.60 and a two-hundred day moving average of $20.37. EuroDry has a 52-week low of $11.09 and a 52-week high of $24.84.

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.