Imperial Petroleum Inc. (NASDAQ:IMPPP) Sees Significant Increase in Short Interest

Financial News Live ·  04/29/2023 05:42

Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, an increase of 550.0% from the March 31st total of 200 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 0.5 days.

Imperial Petroleum Stock Performance

Shares of IMPPP traded down $0.01 during midday trading on Friday, hitting $20.00. The company's stock had a trading volume of 267 shares, compared to its average volume of 2,838. Imperial Petroleum has a one year low of $17.95 and a one year high of $21.50. The company's fifty day moving average price is $20.17.

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Imperial Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Monday, March 27th were issued a dividend of $0.5469 per share. The ex-dividend date of this dividend was Friday, March 24th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 10.94%.

About Imperial Petroleum

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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; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons.

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