Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Drops By 30.7%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,161 shares, a drop of 30.7% from the February 26th total of 1,676 shares. Based on an average trading volume of 985 shares, the short-interest ratio is currently 1.2 days.

Imperial Petroleum Price Performance

Imperial Petroleum stock traded down $0.10 during trading on Monday, reaching $26.18. The company had a trading volume of 496 shares, compared to its average volume of 1,096. Imperial Petroleum has a 12-month low of $22.91 and a 12-month high of $27.78. The stock’s 50 day moving average price is $26.09 and its two-hundred day moving average price is $25.81.

Imperial Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 25th will be issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Wednesday, March 25th.

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.