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

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 4,085 shares, a decline of 33.3% from the November 30th total of 6,124 shares. Based on an average daily volume of 1,084 shares, the short-interest ratio is presently 3.8 days. Based on an average daily volume of 1,084 shares, the short-interest ratio is presently 3.8 days.

Imperial Petroleum Stock Up 1.0%

IMPPP traded up $0.27 on Monday, hitting $25.74. The company’s stock had a trading volume of 702 shares, compared to its average volume of 2,193. Imperial Petroleum has a 12 month low of $22.91 and a 12 month high of $27.50. The company’s 50 day simple moving average is $25.82 and its 200-day simple moving average is $25.48.

Imperial Petroleum Dividend Announcement

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

About Imperial Petroleum

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.