Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Decreases By 33.3%

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 4,085 shares, a decrease of 33.3% from the November 30th total of 6,124 shares. Based on an average trading volume of 1,084 shares, the days-to-cover ratio is presently 3.8 days. Based on an average trading volume of 1,084 shares, the days-to-cover ratio is presently 3.8 days.

Imperial Petroleum Stock Performance

Shares of IMPPP traded up $0.27 during trading hours on Monday, reaching $25.74. 702 shares of the company’s stock traded hands, compared to its average volume of 2,193. Imperial Petroleum has a 12 month low of $22.91 and a 12 month high of $27.50. The firm’s 50 day simple moving average is $25.82 and its 200-day simple moving average is $25.48.

Imperial Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 24th will be given a dividend of $0.5469 per share. The ex-dividend date is Wednesday, December 24th. This represents a $2.19 annualized dividend and a yield of 8.5%.

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.