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

EuroDry Ltd. (NASDAQ:EDRY) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 500 shares, a drop of 93.1% from the December 31st total of 7,200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 8,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC raised its holdings in shares of EuroDry Ltd. (NASDAQ:EDRY) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,693 shares of the company’s stock after acquiring an additional 4,289 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 1.05% of EuroDry worth $333,000 at the end of the most recent quarter. Institutional investors own 2.44% of the company’s stock.

EuroDry Price Performance

Shares of NASDAQ EDRY opened at $11.30 on Wednesday. EuroDry has a 12-month low of $10.04 and a 12-month high of $24.84. The stock has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $17.15. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

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.