Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Grows By 172.1%
by Teresa Graham · The Cerbat GemImperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,132 shares, an increase of 172.1% from the April 30th total of 416 shares. Based on an average daily volume of 661 shares, the days-to-cover ratio is presently 1.7 days.
Imperial Petroleum Stock Down 0.2%
NASDAQ IMPPP traded down $0.05 during trading hours on Friday, hitting $25.78. The company had a trading volume of 2,053 shares, compared to its average volume of 1,003. The firm has a 50 day simple moving average of $26.17 and a 200 day simple moving average of $26.02. Imperial Petroleum has a 52 week low of $23.78 and a 52 week high of $27.78.
Imperial Petroleum Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Wednesday, March 25th.
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.