Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 33.3% in December

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 4,085 shares, a decrease of 33.3% from the November 30th total of 6,124 shares. Based on an average trading volume of 1,084 shares, the short-interest ratio is currently 3.8 days. Based on an average trading volume of 1,084 shares, the short-interest ratio is currently 3.8 days.

Imperial Petroleum Stock Performance

Shares of Imperial Petroleum stock traded up $0.17 during midday trading on Tuesday, hitting $25.87. The company had a trading volume of 12,190 shares, compared to its average volume of 2,238. The company has a 50 day moving average of $25.83 and a 200 day moving average of $25.49. Imperial Petroleum has a 52-week low of $22.91 and a 52-week high of $27.50.

Imperial Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Wednesday, December 24th will be given a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a yield of 8.5%. The ex-dividend date is Wednesday, December 24th.

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.