Imperial Petroleum Inc. (NASDAQ:IMPPP) Sees Large Increase in Short Interest

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,132 shares, a growth of 172.1% from the April 30th total of 416 shares. Based on an average daily volume of 661 shares, the short-interest ratio is presently 1.7 days.

Imperial Petroleum Stock Performance

NASDAQ:IMPPP traded down $0.05 during mid-day trading on Friday, hitting $25.78. The company’s stock had a trading volume of 2,053 shares, compared to its average volume of 1,003. Imperial Petroleum has a fifty-two week low of $23.78 and a fifty-two week high of $27.78. The stock has a fifty day moving average of $26.17 and a 200-day moving average of $26.02.

Imperial Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 25th were given a $0.5469 dividend. This represents a $2.19 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend 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.