Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Update

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 2,371 shares, a growth of 840.9% from the January 29th total of 252 shares. Based on an average daily volume of 1,168 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 1,168 shares, the days-to-cover ratio is currently 2.0 days.

Imperial Petroleum Price Performance

NASDAQ:IMPPP traded up $0.16 on Wednesday, reaching $25.91. The stock had a trading volume of 1,448 shares, compared to its average volume of 1,082. Imperial Petroleum has a 1-year low of $22.91 and a 1-year high of $27.50. The stock has a fifty day moving average price of $25.84 and a 200-day moving average price of $25.65.

Imperial Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Wednesday, December 24th were issued a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend 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.