Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Update

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 434 shares, a decline of 43.3% from the December 31st total of 766 shares. Based on an average trading volume of 550 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 550 shares, the short-interest ratio is currently 0.8 days.

Imperial Petroleum Stock Down 1.2%

Shares of IMPPP stock traded down $0.31 during trading hours on Friday, hitting $25.63. 1,097 shares of the company were exchanged, compared to its average volume of 1,046. Imperial Petroleum has a 52 week low of $22.91 and a 52 week high of $27.50. The business has a 50 day moving average of $25.88 and a two-hundred day moving average of $25.61.

Imperial Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.5469 per share. The ex-dividend date was Wednesday, December 24th. This represents a $2.19 annualized dividend and a dividend yield of 8.5%.

About Imperial Petroleum

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.