OceanPal (NASDAQ:OP) Stock Price Down 3.3% – Time to Sell?

Posted by Max Byerly on May 29th, 2026

OceanPal Inc. (NASDAQ:OP – Get Free Report)’s share price dropped 3.3% during trading on Wednesday . The stock traded as low as $12.07 and last traded at $12.27. Approximately 70,092 shares changed hands during trading, a decline of 99% from the average daily volume of 12,412,086 shares. The stock had previously closed at $12.69.

OceanPal Trading Down 7.6%

The firm’s fifty day moving average price is $8.37 and its 200 day moving average price is $15.99. The firm has a market capitalization of $69.64 million, a PE ratio of -0.16 and a beta of 1.16.

Hedge Funds Weigh In On OceanPal

A hedge fund recently bought a new stake in OceanPal stock. Citadel Advisors LLC purchased a new stake in shares of OceanPal Inc. (NASDAQ:OP – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,841 shares of the company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned approximately 0.34% of OceanPal as of its most recent SEC filing.

About OceanPal

(Get Free Report)

OceanPal Inc (NASDAQ: OP) is a Bermuda?incorporated shipping company focused on the ownership and operation of modern crude oil tankers on a long?term time charter basis. The company’s fleet includes both very large crude carriers (VLCCs) and Suezmax vessels, constructed at leading shipyards and maintained to high technical and safety standards. By securing multi?year charter agreements with major oil producers and trading houses, OceanPal aims to generate stable revenue streams and enhance predictability of cash flows.

The origins of OceanPal trace back to General Maritime Corp., which was established in 2005 and listed on the NASDAQ.