Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 36.3% in August

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,996 shares, a drop of 36.3% from the August 15th total of 4,702 shares. Based on an average daily volume of 1,359 shares, the days-to-cover ratio is currently 2.2 days.

Imperial Petroleum Stock Performance

Shares of NASDAQ IMPPP traded up $0.00 during trading hours on Thursday, reaching $25.93. 1,077 shares of the stock traded hands, compared to its average volume of 1,118. The company’s 50-day simple moving average is $25.87 and its two-hundred day simple moving average is $26.05. Imperial Petroleum has a 52-week low of $24.85 and a 52-week high of $27.78.

Imperial Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th will be paid a $0.5469 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.19 annualized dividend and a yield of 8.4%.

Imperial Petroleum Company Profile

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.