EuroDry Ltd. (NASDAQ:EDRY – Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,700 shares, a decline of 57.1% from the February 13th total of 6,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 9,200 shares, the short-interest ratio is currently 0.3 days.
Analysts Set New Price Targets
Separately, Noble Financial lowered shares of EuroDry from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th.
Check Out Our Latest Stock Report on EuroDry
EuroDry Trading Down 1.3 %
Hedge Funds Weigh In On EuroDry
A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC grew its position in shares of EuroDry Ltd. (NASDAQ:EDRY – Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,693 shares of the company’s stock after buying an additional 4,289 shares during the quarter. Linden Thomas Advisory Services LLC owned 1.05% of EuroDry worth $333,000 as of its most recent filing with the Securities & Exchange Commission. 2.44% of the stock is currently owned by 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.
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