Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 4,028 shares, a drop of 32.1% from the August 15th total of 5,935 shares. Based on an average daily volume of 10,631 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Oceanpal Stock Performance

SVRN traded up $2.22 during midday trading on Thursday, reaching $13.92. 39,572 shares of the company were exchanged, compared to its average volume of 109,570. The stock has a fifty day moving average of $8.12. Oceanpal has a one year low of $3.12 and a one year high of $47.56. The company has a market cap of $26.17 million, a P/E ratio of -0.01 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Oceanpal in a report on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.