Oceanpal Inc. (NASDAQ:SVRN) Short Interest Down 35.6% in April

Oceanpal Inc. (NASDAQ:SVRN) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 13,222 shares, a drop of 35.6% from the April 15th total of 20,518 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 12,454 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

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

Oceanpal Trading Up 2.5%

Shares of SVRN traded up $0.14 during mid-day trading on Monday, reaching $5.65. The company had a trading volume of 4,543 shares, compared to its average volume of 171,004. Oceanpal has a twelve month low of $3.12 and a twelve month high of $1,585.00. The stock has a market cap of $10.62 million, a PE ratio of -0.01 and a beta of 1.34.

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

About Oceanpal

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.