Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 13,222 shares, a drop of 35.6% from the April 15th total of 20,518 shares. Based on an average daily trading volume, of 12,454 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the company are sold short.

Oceanpal Price Performance

Shares of SVRN traded up $0.14 during midday trading on Monday, hitting $5.65. The stock had a trading volume of 4,543 shares, compared to its average volume of 171,004. Oceanpal has a fifty-two week low of $3.12 and a fifty-two week high of $1,585.00. The stock has a market cap of $10.62 million, a price-to-earnings ratio of -0.01 and a beta of 1.34.

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

Analyst Ratings Changes

A number of analysts have recently commented on SVRN shares. Wall Street Zen raised Oceanpal to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings began coverage on Oceanpal in a research report on Thursday, April 2nd. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Oceanpal

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.