Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 22.6% in October

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,800 shares, a decrease of 22.6% from the October 15th total of 6,200 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is currently 2.0 days.

Imperial Petroleum Stock Performance

IMPPP opened at $25.15 on Friday. The company’s fifty day moving average price is $25.18 and its two-hundred day moving average price is $24.83. Imperial Petroleum has a 1-year low of $19.60 and a 1-year high of $29.81.

Imperial Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.5469 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $2.19 annualized dividend and a yield of 8.70%.

Imperial Petroleum Company Profile

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.