Short Interest in EuroDry (NASDAQ:EDRY) Increases By 154.5%

EuroDry (NASDAQ:EDRY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 11,188 shares, an increase of 154.5% from the July 15th total of 4,396 shares. Based on an average trading volume of 135,011 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Insider Activity

In other news, insider Symeon Pariaros sold 1,900 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $39.98, for a total value of $75,962.00. Following the completion of the sale, the insider owned 7,276 shares in the company, valued at $290,894.48. This represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 2,800 shares of company stock valued at $110,262. Corporate insiders own 51.40% of the company’s stock.

Hedge Funds Weigh In On EuroDry

An institutional investor recently bought a new position in EuroDry stock. BlackRock Inc. purchased a new position in EuroDry (NASDAQ:EDRY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,135 shares of the company’s stock, valued at approximately $47,000. BlackRock Inc. owned 0.07% of EuroDry as of its most recent SEC filing. Institutional investors own 2.44% of the company’s stock.

Key Stories Impacting EuroDry

Here are the key news stories impacting EuroDry this week:

• Positive Sentiment: Raised earnings outlook: Noble Financial reportedly increased its Q3 2026 EPS forecast to $1.70 from $1.29 and its full-year forecast to $5.77 from $4.27. Higher estimates reinforce the bullish earnings narrative for EuroDry. Noble Financial EuroDry earnings forecast
• Positive Sentiment: Significant quarterly earnings beat: EuroDry reported quarterly EPS of $2.44, exceeding the $1.23 analyst consensus by $1.21. Net margin was 15.02%, while revenue of $17.70 million was broadly close to the $17.86 million estimate. The results help explain the stock’s recent strength.
• Positive Sentiment: Generally favorable analyst stance: Alliance Global Partners reiterated a Buy rating, while Zacks Research and Wall Street Zen have issued Strong Buy upgrades. BlackRock also initiated a small position of 2,135 shares, providing modest institutional validation.
• Neutral Sentiment: Mixed valuation signals: MarketBeat reports a Moderate Buy consensus, but the average price target of $23.50 is substantially below the stock’s recent trading level near $38–$40. This may indicate that the recent rally has outpaced existing analyst targets.
• Negative Sentiment: Cluster of insider selling: Corporate Secretary Stefania Karmiri sold 400 shares for $15,400, Director Aristeidis P. Pittas sold 500 shares for $18,900, and insider Symeon Pariaros sold 1,900 shares for $75,962. Karmiri reduced her holdings by 32%, while Pariaros cut his position by 20.71%. Although the sales are relatively small, the concentration of selling near the stock’s highs may create investor caution. EuroDry insider sales report

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings downgraded EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of EuroDry from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 3rd. Alliance Global Partners restated a “buy” rating on shares of EuroDry in a research report on Friday, August 7th. Finally, Zacks Research upgraded EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, EuroDry currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

EuroDry Price Performance

Shares of NASDAQ:EDRY opened at $38.64 on Friday. EuroDry has a 52 week low of $10.18 and a 52 week high of $40.00. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average is $24.81 and its 200 day moving average is $21.30. The stock has a market cap of $111.67 million, a PE ratio of 11.67 and a beta of 0.68.

EuroDry (NASDAQ:EDRY) last issued its earnings results on Thursday, August 6th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $1.21. The company had revenue of $17.70 million during the quarter, compared to analysts’ expectations of $17.86 million. EuroDry had a return on equity of 8.77% and a net margin of 15.02%. Research analysts anticipate that EuroDry will post 5.77 earnings per share for the current year.

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.