Oceanpal Inc. (NASDAQ:SVRN) Short Interest Up 216.0% in June

Oceanpal Inc. (NASDAQ:SVRN) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 8,862 shares, an increase of 216.0% from the June 15th total of 2,804 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 10,854 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SVRN. Wall Street Zen raised Oceanpal to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Oceanpal in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Oceanpal Price Performance

NASDAQ:SVRN traded up $0.07 during mid-day trading on Tuesday, reaching $8.06. 2,415 shares of the stock were exchanged, compared to its average volume of 128,511. The company has a 50 day moving average of $9.14. The firm has a market capitalization of $15.16 million, a PE ratio of -0.01 and a beta of 1.45. Oceanpal has a 1 year low of $3.12 and a 1 year high of $1,250.00.

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

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.