Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Expands By 327.8%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,043 shares, an increase of 327.8% from the June 15th total of 945 shares. Based on an average daily volume of 1,855 shares, the days-to-cover ratio is presently 2.2 days.

Imperial Petroleum Stock Performance

IMPPP stock traded down $0.09 during trading on Friday, hitting $25.96. 1,743 shares of the stock traded hands, compared to its average volume of 1,075. Imperial Petroleum has a 1 year low of $24.85 and a 1 year high of $27.78. The firm’s 50 day moving average is $25.94 and its two-hundred day moving average is $26.05.

Imperial Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Thursday, June 25th.

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.