EuroDry Ltd (NASDAQ:EDRY) Short Interest Down 44.4% in November

Share on StockTwits

EuroDry Ltd (NASDAQ:EDRY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,000 shares, a drop of 44.4% from the October 31st total of 1,800 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 0.7 days.

EDRY stock traded up $0.05 during trading hours on Wednesday, hitting $8.10. The company’s stock had a trading volume of 1,617 shares, compared to its average volume of 5,761. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $18.65 million, a PE ratio of 33.75 and a beta of -0.90. EuroDry has a 12 month low of $6.51 and a 12 month high of $10.90. The stock has a 50 day moving average price of $8.11 and a two-hundred day moving average price of $7.75.

EuroDry (NASDAQ:EDRY) last posted its earnings results on Thursday, November 14th. The company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.11. EuroDry had a negative net margin of 3.90% and a negative return on equity of 1.16%. The company had revenue of $7.66 million during the quarter. Sell-side analysts expect that EuroDry will post -1.29 earnings per share for the current year.

EDRY has been the topic of several analyst reports. Noble Financial reissued a “buy” rating and issued a $13.50 target price on shares of EuroDry in a research report on Thursday, November 21st. Zacks Investment Research downgraded shares of EuroDry from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Maxim Group reissued a “buy” rating and issued a $9.00 target price on shares of EuroDry in a research report on Tuesday, November 19th. Finally, ValuEngine downgraded shares of EuroDry from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

About EuroDry

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 November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.

Featured Story: What is a Roth IRA?

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.