EDRY$39.30-3.46%
EuroDry Ltd.
Sector: Water TransportationIndustry: Marine ShippingCountry: GRExchange: Nasdaq
Mkt Cap:$118.56M
Float & O/S:
Inst Own:
DilutionScan read 36 of EuroDry Ltd.'s SEC filings and found 1 ATM program, 1 shelf registration and 1 completed offering on file for EDRY. The latest dilution event on file is ATM sales on Oct 5, 2026. Analysis updated Oct 6, 2026.
Signal8 Summary
EDRY
Cyclical rebound already priced in near highs
Snapshot
EuroDry is a small dry-bulk shipping company whose fortunes swing with freight rates. Full-year 2025 revenue fell 14.4% to $52.3M with a $4.3M net loss, but rates surged in 2026, driving the latest quarter to $17.7M revenue and a $6.6M profit.
What's Happening Right Now
- : On Sept 11, 2026, EuroDry filed a prospectus for a new $20M at-the-market share sale program under a $200M shelf, which could issue roughly 11% more shares.
- : EuroDry is adding four newbuild vessels to grow its fleet toward 15 ships by 2028, a multi-year capacity build funded ahead of the ships' delivery.
- : Q2 2026 net revenue rose 57% YoY to $17.7M as charter rates nearly doubled, flipping to $6.9M net income from a year-ago loss.
