Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,804 shares, a drop of 62.3% from the May 31st total of 7,432 shares. Based on an average daily trading volume, of 18,734 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Oceanpal Stock Up 10.9%

Shares of SVRN opened at $8.33 on Friday. Oceanpal has a 52 week low of $3.12 and a 52 week high of $1,250.00. The stock has a market capitalization of $15.66 million, a P/E ratio of -0.01 and a beta of 1.44. The business has a 50-day moving average of $9.37.

Oceanpal (NASDAQ:SVRN) last announced its quarterly earnings results on Thursday, March 26th. The company reported $306.60 earnings per share for the quarter. The company had revenue of $3.62 million for the quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SVRN. Weiss Ratings assumed coverage on shares of Oceanpal in a report on Thursday, April 2nd. They issued a “sell (e+)” rating on the stock. Wall Street Zen raised shares of Oceanpal to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Oceanpal Company Profile

OceanPal Inc focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.