Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Expands By 327.8%

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,043 shares, a growth of 327.8% from the June 15th total of 945 shares. Based on an average daily trading volume, of 1,855 shares, the short-interest ratio is presently 2.2 days.

Imperial Petroleum Stock Performance

Imperial Petroleum stock traded down $0.15 during midday trading on Tuesday, hitting $25.95. 1,345 shares of the stock were exchanged, compared to its average volume of 1,070. Imperial Petroleum has a 1 year low of $24.85 and a 1 year high of $27.78. The company has a 50 day moving average price of $25.94 and a two-hundred day moving average price of $26.04.

Imperial Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.5469 dividend. The ex-dividend date was Thursday, June 25th. This represents a $2.19 annualized dividend and a dividend yield of 8.4%.

Imperial Petroleum Company Profile

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.