EuroDry (NASDAQ:EDRY) Short Interest Down 17.3% in December

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

EuroDry Stock Down 1.3%

Shares of NASDAQ EDRY opened at $13.35 on Monday. EuroDry has a one year low of $7.60 and a one year high of $16.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.21 and a current ratio of 1.27. The business has a 50-day moving average price of $13.19 and a two-hundred day moving average price of $12.05.

EuroDry (NASDAQ:EDRY) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). EuroDry had a negative net margin of 21.73% and a negative return on equity of 9.87%. The business had revenue of $14.39 million during the quarter, compared to analyst estimates of $14.56 million. As a group, equities analysts expect that EuroDry will post -2.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of EuroDry in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EuroDry has an average rating of “Reduce”.

About EuroDry

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.