EuroDry Ltd. (NASDAQ:EDRY – Get Free Report) was the target of a large drop in short interest during 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. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is presently 0.6 days.
EuroDry Stock Performance
Shares of NASDAQ EDRY traded up $0.10 during midday trading on Monday, hitting $10.60. 8,530 shares of the company’s stock were exchanged, compared to its average volume of 8,276. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.74. EuroDry has a 12 month low of $10.04 and a 12 month high of $24.84. The company’s 50 day moving average price is $11.08 and its 200 day moving average price is $15.25. The firm has a market capitalization of $30.06 million, a PE ratio of -4.82 and a beta of 0.76.
Analysts Set New Price Targets
Separately, Noble Financial downgraded EuroDry from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in EuroDry stock. B. Riley Wealth Advisors Inc. bought a new position in shares of EuroDry Ltd. (NASDAQ:EDRY – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,003 shares of the company’s stock, valued at approximately $112,000. B. Riley Wealth Advisors Inc. owned 0.35% of EuroDry at the end of the most recent quarter. 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.
Further Reading
- Five stocks we like better than EuroDry
- NYSE Stocks Give Investors a Variety of Quality Options
- Bearish Investors Can Seek Refuge in Recession-Resistant ETFs
- What is the Euro STOXX 50 Index?
- 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now?
- Find and Profitably Trade Stocks at 52-Week Lows
- 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely
Receive News & Ratings for EuroDry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EuroDry and related companies with MarketBeat.com's FREE daily email newsletter.
