Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Grows By 172.1%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,132 shares, a growth of 172.1% from the April 30th total of 416 shares. Based on an average daily volume of 661 shares, the short-interest ratio is currently 1.7 days.

Imperial Petroleum Stock Performance

NASDAQ IMPPP opened at $25.78 on Monday. The business has a fifty day moving average price of $26.17 and a two-hundred day moving average price of $26.02. Imperial Petroleum has a fifty-two week low of $23.78 and a fifty-two week high of $27.78.

Imperial Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.5469 per share. The ex-dividend date was Wednesday, March 25th. This represents a $2.19 annualized dividend and a yield of 8.5%.

Imperial Petroleum Company Profile

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.