Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Update

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,161 shares, a decline of 30.7% from the February 26th total of 1,676 shares. Based on an average daily trading volume, of 985 shares, the days-to-cover ratio is currently 1.2 days.

Imperial Petroleum Trading Down 0.1%

Shares of IMPPP stock traded down $0.02 during trading hours on Friday, hitting $26.28. 543 shares of the company were exchanged, compared to its average volume of 1,109. Imperial Petroleum has a 1 year low of $22.91 and a 1 year high of $27.78. The firm has a fifty day moving average of $26.09 and a 200 day moving average of $25.80.

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 of this dividend is Wednesday, March 25th. This represents a $2.19 annualized dividend and a yield of 8.3%.

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.