Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 81.2% in December

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 766 shares, a decline of 81.2% from the December 15th total of 4,085 shares. Based on an average daily volume of 4,285 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 4,285 shares, the days-to-cover ratio is currently 0.2 days.

Imperial Petroleum Stock Performance

NASDAQ IMPPP traded up $0.02 during trading on Monday, hitting $25.78. The stock had a trading volume of 749 shares, compared to its average volume of 730. Imperial Petroleum has a twelve month low of $22.91 and a twelve month high of $27.50. The firm has a 50 day moving average price of $25.85 and a 200 day moving average price of $25.53.

Imperial Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Wednesday, December 24th.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers. As of April 1, 2024, the company owned and operated a fleet of six medium range refined petroleum product tankers; one Aframax tanker; two suezmax tankers; and two handysize drybulk carriers with a total capacity of 791,000 deadweight tons.