Short Interest in EuroDry Ltd. (NASDAQ:EDRY) Rises By 20.3%
EuroDry Ltd. (NASDAQ:EDRY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 7,700 shares, a growth of 20.3% from the March 31st total of 6,400 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 113,900 shares, the days-to-cover ratio is currently 0.1 days.
Shares of EDRY traded up $0.57 during trading hours on Tuesday, hitting $15.27. 3,001 shares of the stock traded hands, compared to its average volume of 101,894. The business has a fifty day moving average of $9.37 and a 200-day moving average of $6.96. The firm has a market capitalization of $35.85 million, a PE ratio of -5.83 and a beta of 0.19. EuroDry has a 1-year low of $2.98 and a 1-year high of $16.37. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 1.30.
EuroDry (NASDAQ:EDRY) last announced its quarterly earnings data on Monday, February 15th. The company reported ($0.31) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.32. The firm had revenue of $6.41 million during the quarter, compared to analysts’ expectations of $5.60 million. EuroDry had a negative return on equity of 8.95% and a negative net margin of 17.85%. As a group, equities research analysts expect that EuroDry will post -3.2 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered EuroDry from a “buy” rating to a “hold” rating in a research note on Wednesday, April 21st.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of March 31, 2020, it operated a fleet of seven drybulk vessels, including four Panamax drybulk carriers, one Ultramax drybulk carrier, and two Kamsarmax carriers with a cargo capacity of 528,931 deadweight tons.
Featured Story: Dividend Yield
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.