EuroDry Ltd. (NASDAQ:EDRY) Short Interest Update

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

EuroDry Stock Performance

NASDAQ EDRY traded up $0.53 during trading hours on Monday, reaching $11.45. The company’s stock had a trading volume of 15,330 shares, compared to its average volume of 7,733. The stock has a market cap of $32.47 million, a PE ratio of -5.20 and a beta of 0.78. The business has a 50-day simple moving average of $12.90 and a 200 day simple moving average of $18.13. EuroDry has a 52 week low of $10.04 and a 52 week high of $24.84. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Institutional Inflows and Outflows

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

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.