Imperial Petroleum Inc. (NASDAQ:IMPPP) Sees Significant Decline in Short Interest

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 434 shares, a drop of 43.3% from the December 31st total of 766 shares. Based on an average daily trading volume, of 550 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 550 shares, the days-to-cover ratio is presently 0.8 days.

Imperial Petroleum Trading Down 1.2%

NASDAQ:IMPPP traded down $0.31 during midday trading on Friday, reaching $25.63. 1,097 shares of the stock traded hands, compared to its average volume of 1,046. Imperial Petroleum has a 12 month low of $22.91 and a 12 month high of $27.50. The company has a fifty day moving average of $25.88 and a 200 day moving average of $25.61.

Imperial Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 24th were issued a $0.5469 dividend. The ex-dividend date was Wednesday, December 24th. 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.