OceanPal (NASDAQ:OP) Shares Down 0.7% – Time to Sell?

Posted by Mark Dietrich on Aug 7th, 2026

Shares of OceanPal Inc. (NASDAQ:OP – Get Free Report) traded down 0.7% on Thursday . The stock traded as low as $6.00 and last traded at $6.07. 5,409 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 12,412,086 shares. The stock had previously closed at $6.11.

OceanPal Stock Down 0.7%

The firm has a market capitalization of $40.64 million, a P/E ratio of -0.09 and a beta of 1.16. The firm’s 50-day simple moving average is $8.59 and its 200-day simple moving average is $10.07.

Institutional Trading of OceanPal

An institutional investor recently bought a new position in OceanPal stock. Citadel Advisors LLC bought a new position in OceanPal Inc. (NASDAQ:OP – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 22,841 shares of the company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned approximately 0.34% of OceanPal as of its most recent filing with the Securities & Exchange Commission.

About OceanPal

(Get Free Report)

OceanPal Inc (NASDAQ: OP) is a Bermuda‐incorporated shipping company focused on the ownership and operation of modern crude oil tankers on a long‐term time charter basis. The company’s fleet includes both very large crude carriers (VLCCs) and Suezmax vessels, constructed at leading shipyards and maintained to high technical and safety standards. By securing multi‐year charter agreements with major oil producers and trading houses, OceanPal aims to generate stable revenue streams and enhance predictability of cash flows.

The origins of OceanPal trace back to General Maritime Corp., which was established in 2005 and listed on the NASDAQ.