Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Decreases By 6.7%

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,800 shares, a drop of 6.7% from the December 15th total of 3,000 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 2.0 days.

Imperial Petroleum Stock Down 0.4 %

Imperial Petroleum stock traded down $0.10 during mid-day trading on Friday, reaching $24.90. 998 shares of the company traded hands, compared to its average volume of 1,278. Imperial Petroleum has a 52-week low of $21.00 and a 52-week high of $29.81. The firm’s 50 day moving average price is $25.19 and its 200 day moving average price is $25.03.

Imperial Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Tuesday, December 24th were paid a $0.5469 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $2.19 annualized dividend and a yield of 8.79%.

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.