Short Interest in Oceanpal Inc. (NASDAQ:SVRN) Expands By 81.7%

Oceanpal Inc. (NASDAQ:SVRN) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 24,021 shares, a growth of 81.7% from the April 30th total of 13,222 shares. Based on an average trading volume of 8,561 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SVRN shares. Wall Street Zen upgraded shares of Oceanpal to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings started coverage on shares of Oceanpal in a research report on Thursday, April 2nd. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Oceanpal Stock Up 0.5%

Shares of SVRN opened at $10.05 on Tuesday. The stock has a market cap of $18.89 million, a PE ratio of -0.01 and a beta of 1.43. Oceanpal has a 1 year low of $3.12 and a 1 year high of $1,585.00.

Oceanpal (NASDAQ:SVRN) last released its quarterly earnings results on Thursday, March 26th. The company reported $306.60 earnings per share (EPS) for the quarter. The firm had revenue of $3.62 million for the quarter.

Oceanpal Company Profile

OceanPal Inc focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.