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

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a large increase in short interest in 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 Trading Down 0.3%

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

Imperial Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend was Thursday, June 25th.

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.