Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Declines By 81.2%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 766 shares, a decline of 81.2% from the December 15th total of 4,085 shares. Based on an average daily trading volume, of 4,285 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,285 shares, the days-to-cover ratio is currently 0.2 days.

Imperial Petroleum Price Performance

Shares of NASDAQ:IMPPP traded up $0.27 during midday trading on Tuesday, hitting $26.04. The stock had a trading volume of 282 shares, compared to its average volume of 638. Imperial Petroleum has a 12 month low of $22.91 and a 12 month high of $27.50. The business’s 50-day simple moving average is $25.85 and its 200-day simple moving average is $25.54.

Imperial Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Wednesday, December 24th were paid a $0.5469 dividend. This represents a $2.19 annualized dividend and a yield of 8.4%. The ex-dividend date was 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.