Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Grows By 327.8%

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 4,043 shares, a growth of 327.8% from the June 15th total of 945 shares. Based on an average trading volume of 1,855 shares, the short-interest ratio is presently 2.2 days.

Imperial Petroleum Price Performance

Shares of NASDAQ:IMPPP traded up $0.04 during midday trading on Monday, reaching $26.05. The company had a trading volume of 346 shares, compared to its average volume of 1,068. Imperial Petroleum has a 1-year low of $24.85 and a 1-year high of $27.78. The business’s 50 day moving average price is $25.94 and its 200 day moving average price is $26.04.

Imperial Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date was Thursday, June 25th.

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.