Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,862 shares, a growth of 216.0% from the June 15th total of 2,804 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 10,854 shares, the short-interest ratio is presently 0.8 days.

Oceanpal Price Performance

Shares of NASDAQ:SVRN opened at $8.04 on Wednesday. The stock has a 50-day moving average price of $9.14. The stock has a market capitalization of $15.08 million, a PE ratio of -0.01 and a beta of 1.45. Oceanpal has a 52-week low of $3.12 and a 52-week high of $1,250.00.

Oceanpal (NASDAQ:SVRN) last released its quarterly earnings results on Thursday, March 26th. The company reported $306.60 EPS for the quarter. The business had revenue of $3.62 million for the quarter.

Wall Street Analyst Weigh In

SVRN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Oceanpal to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Oceanpal in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Oceanpal

OceanPal Inc focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.