EuroDry Ltd. (NASDAQ:EDRY) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 7,700 shares, an increase of 20.3% from the March 31st total of 6,400 shares. Based on an average daily trading volume, of 113,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the company are sold short.
EDRY stock traded up $0.57 during trading on Tuesday, hitting $15.27. The company had a trading volume of 3,001 shares, compared to its average volume of 101,894. The business has a 50 day moving average of $9.37 and a 200 day moving average of $6.96. The firm has a market capitalization of $35.85 million, a price-to-earnings ratio of -5.83 and a beta of 0.19. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 1.30. EuroDry has a fifty-two week low of $2.98 and a fifty-two week high of $16.37.
EuroDry (NASDAQ:EDRY) last released its quarterly earnings results on Monday, February 15th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.32. EuroDry had a negative net margin of 17.85% and a negative return on equity of 8.95%. The company had revenue of $6.41 million for the quarter, compared to the consensus estimate of $5.60 million. As a group, equities analysts predict that EuroDry will post -3.2 EPS for the current year.
Separately, Zacks Investment Research cut EuroDry from a “buy” rating to a “hold” rating in a research report on Wednesday, April 21st.
EuroDry Company Profile
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 March 31, 2020, it operated a fleet of seven drybulk vessels, including four Panamax drybulk carriers, one Ultramax drybulk carrier, and two Kamsarmax carriers with a cargo capacity of 528,931 deadweight tons.
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