OceanPal Inc. (NASDAQ:OP) Short Interest Update

OceanPal Inc. (NASDAQ:OP) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 12,100 shares, an increase of 55.1% from the February 28th total of 7,800 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.8 days.

OceanPal Stock Performance

OP stock opened at $0.84 on Tuesday. The company has a market capitalization of $6.29 million, a P/E ratio of -0.45 and a beta of 0.52. The company has a fifty day moving average price of $1.04 and a 200-day moving average price of $1.31. OceanPal has a 52-week low of $0.79 and a 52-week high of $3.10.

OceanPal Company Profile

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.