OceanPal Inc. (NASDAQ:OP) Short Interest Up 55.1% in March

OceanPal Inc. (NASDAQ:OP) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 12,100 shares, an increase of 55.1% from the February 28th total of 7,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 0.8 days.

OceanPal Stock Down 3.0 %

Shares of NASDAQ OP traded down $0.03 during midday trading on Monday, reaching $0.84. 7,974 shares of the company’s stock traded hands, compared to its average volume of 18,160. The company has a market cap of $6.29 million, a price-to-earnings ratio of -0.45 and a beta of 0.52. OceanPal has a one year low of $0.79 and a one year high of $3.10. The stock’s 50 day simple moving average is $1.04 and its 200-day simple moving average is $1.31.

About OceanPal

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.