Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,804 shares, a decrease of 62.3% from the May 31st total of 7,432 shares. Based on an average daily volume of 18,734 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Oceanpal Stock Up 10.9%

Shares of SVRN opened at $8.33 on Friday. The stock has a market capitalization of $15.66 million, a price-to-earnings ratio of -0.01 and a beta of 1.44. Oceanpal has a 1-year low of $3.12 and a 1-year high of $1,250.00. The firm’s fifty day moving average is $9.37.

Oceanpal (NASDAQ:SVRN) last issued its earnings results on Thursday, March 26th. The company reported $306.60 earnings per share (EPS) for the quarter. The firm had revenue of $3.62 million during the quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings started coverage on Oceanpal in a report on Thursday, April 2nd. They issued a “sell (e+)” rating for the company. Wall Street Zen upgraded shares of Oceanpal to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Oceanpal Company Profile

OceanPal Inc focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.