EuroDry Ltd. (NASDAQ:EDRY) Short Interest Down 93.1% in December

EuroDry Ltd. (NASDAQ:EDRY) was the target of a large decrease in short interest in 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. Based on an average trading volume of 8,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EuroDry stock. Renaissance Technologies LLC grew its stake in shares of EuroDry Ltd. (NASDAQ:EDRY) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,100 shares of the company’s stock after buying an additional 900 shares during the period. Renaissance Technologies LLC owned 1.94% of EuroDry worth $1,353,000 at the end of the most recent reporting period. 2.44% of the stock is currently owned by institutional investors.

EuroDry Price Performance

EDRY stock traded up $0.28 during midday trading on Wednesday, hitting $11.75. 5,934 shares of the stock were exchanged, compared to its average volume of 7,182. The stock’s 50-day moving average price is $12.82 and its 200-day moving average price is $18.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84. The stock has a market cap of $33.32 million, a price-to-earnings ratio of -5.34 and a beta of 0.78. EuroDry has a fifty-two week low of $10.04 and a fifty-two week high of $24.84.

EuroDry Company Profile

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.