Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Decreases By 29.3%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 1,676 shares, a decline of 29.3% from the February 12th total of 2,371 shares. Based on an average trading volume of 887 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 887 shares, the short-interest ratio is presently 1.9 days.

Imperial Petroleum Stock Up 0.6%

Imperial Petroleum stock traded up $0.15 during mid-day trading on Friday, reaching $26.40. 332 shares of the company traded hands, compared to its average volume of 1,048. Imperial Petroleum has a 52-week low of $22.91 and a 52-week high of $27.78. The firm’s 50 day moving average price is $25.95 and its 200 day moving average price is $25.73.

Imperial Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Wednesday, March 25th will be given a dividend of $0.5469 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.19 annualized dividend and a dividend yield of 8.3%.

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.