Short Interest in EuroDry (NASDAQ:EDRY) Decreases By 17.3%

EuroDry (NASDAQ:EDRY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 895 shares, a decline of 17.3% from the December 15th total of 1,082 shares. Based on an average daily trading volume, of 2,184 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,184 shares, the days-to-cover ratio is presently 0.4 days.

EuroDry Price Performance

EDRY stock opened at $13.45 on Wednesday. The stock’s 50 day simple moving average is $13.19 and its 200 day simple moving average is $12.08. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.86. EuroDry has a fifty-two week low of $7.60 and a fifty-two week high of $16.14.

EuroDry (NASDAQ:EDRY) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The firm had revenue of $14.39 million during the quarter, compared to analyst estimates of $14.56 million. EuroDry had a negative net margin of 21.73% and a negative return on equity of 9.87%. Equities research analysts forecast that EuroDry will post -2.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EuroDry in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

EuroDry Company Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.