Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Drops By 36.3%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,996 shares, a drop of 36.3% from the August 15th total of 4,702 shares. Based on an average trading volume of 1,359 shares, the days-to-cover ratio is presently 2.2 days.

Imperial Petroleum Price Performance

Imperial Petroleum stock traded up $0.00 during trading hours on Thursday, reaching $25.93. The company had a trading volume of 1,077 shares, compared to its average volume of 1,118. Imperial Petroleum has a 12-month low of $24.85 and a 12-month high of $27.78. The company has a 50-day moving average price of $25.87 and a 200 day moving average price of $26.05.

Imperial Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th will be issued a $0.5469 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.19 annualized dividend and a dividend yield of 8.4%.

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.