Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,807 shares, a decline of 57.0% from the June 30th total of 8,862 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 8,571 shares, the days-to-cover ratio is currently 0.4 days.

Oceanpal Price Performance

NASDAQ:SVRN traded up $0.02 during mid-day trading on Wednesday, hitting $6.25. 8,186 shares of the company’s stock were exchanged, compared to its average volume of 119,245. Oceanpal has a fifty-two week low of $3.12 and a fifty-two week high of $108.00. The company has a market cap of $11.75 million, a price-to-earnings ratio of -0.01 and a beta of 1.45. The stock’s 50 day moving average is $9.17.

Oceanpal (NASDAQ:SVRN) last posted its quarterly earnings data on Thursday, March 26th. The company reported $306.60 earnings per share for the quarter. The company had revenue of $3.62 million during the quarter.

Analysts Set New Price Targets

Several brokerages recently commented on SVRN. Wall Street Zen raised shares of Oceanpal to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oceanpal in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Oceanpal Company Profile

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.