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.
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.
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