EuroDry Ltd. (NASDAQ:EDRY) Short Interest Down 46.2% in February

EuroDry Ltd. (NASDAQ:EDRY) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 6,300 shares, a drop of 46.2% from the January 31st total of 11,700 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 9,800 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Noble Financial downgraded EuroDry from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC increased its position in shares of EuroDry Ltd. (NASDAQ:EDRY) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,693 shares of the company’s stock after purchasing an additional 4,289 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 1.05% of EuroDry worth $333,000 at the end of the most recent quarter. 2.44% of the stock is currently owned by institutional investors and hedge funds.

EuroDry Price Performance

EDRY stock traded down $0.09 during trading on Friday, hitting $10.67. The company had a trading volume of 2,575 shares, compared to its average volume of 8,271. The company has a fifty day moving average price of $11.08 and a two-hundred day moving average price of $15.35. EuroDry has a fifty-two week low of $10.04 and a fifty-two week high of $24.84. The company has a market cap of $30.25 million, a P/E ratio of -4.85 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

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.