EuroDry Ltd. (NASDAQ:EDRY) Sees Significant Decline in Short Interest

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

Institutional Investors Weigh In On EuroDry

A hedge fund recently raised its stake in EuroDry stock. Renaissance Technologies LLC raised its stake in EuroDry Ltd. (NASDAQ:EDRY) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,100 shares of the company’s stock after acquiring an additional 900 shares during the period. Renaissance Technologies LLC owned approximately 1.94% of EuroDry worth $1,353,000 as of its most recent SEC filing. 2.44% of the stock is currently owned by institutional investors.

EuroDry Stock Up 0.2 %

Shares of NASDAQ EDRY traded up $0.02 during trading on Tuesday, reaching $11.47. The company had a trading volume of 4,682 shares, compared to its average volume of 7,348. EuroDry has a 12-month low of $10.04 and a 12-month high of $24.84. The stock has a market cap of $32.53 million, a PE ratio of -5.21 and a beta of 0.78. The business’s 50-day moving average is $12.90 and its 200 day moving average is $18.13. The company has a quick ratio of 0.74, a current ratio of 0.84 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.