Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,028 shares, a decline of 32.1% from the August 15th total of 5,935 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,631 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Oceanpal in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Oceanpal Stock Performance

SVRN traded up $2.22 during trading on Thursday, reaching $13.92. 39,572 shares of the company were exchanged, compared to its average volume of 109,570. The company has a 50-day simple moving average of $8.12. The stock has a market cap of $26.17 million, a P/E ratio of -0.01 and a beta of 1.52. Oceanpal has a 12-month low of $3.12 and a 12-month high of $47.56.

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.