Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Drops By 33.3%

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 4,085 shares, a decline of 33.3% from the November 30th total of 6,124 shares. Based on an average daily trading volume, of 1,084 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily trading volume, of 1,084 shares, the days-to-cover ratio is currently 3.8 days.

Imperial Petroleum Trading Up 3.6%

IMPPP stock traded up $0.92 during trading on Wednesday, reaching $26.62. The company’s stock had a trading volume of 341 shares, compared to its average volume of 2,238. The company’s fifty day moving average is $25.83 and its 200-day moving average is $25.49. Imperial Petroleum has a 1 year low of $22.91 and a 1 year high of $27.50.

Imperial Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Wednesday, December 24th were paid a $0.5469 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.2%.

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.