Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Update

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large 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 volume of 2,400 shares, the short-interest ratio is presently 2.0 days.

Imperial Petroleum Price Performance

NASDAQ IMPPP remained flat at $25.15 during trading on Friday. The company’s stock had a trading volume of 115 shares, compared to its average volume of 2,537. The business’s 50 day simple moving average is $25.18 and its two-hundred day simple moving average is $24.85. Imperial Petroleum has a one year low of $19.60 and a one year high of $29.81.

Imperial Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend 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.