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

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 8,200 shares, a growth of 203.7% from the June 15th total of 2,700 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 3.4 days.

Imperial Petroleum Stock Up 0.7 %

Shares of IMPPP traded up $0.18 during trading hours on Thursday, hitting $24.93. 35 shares of the stock were exchanged, compared to its average volume of 2,576. Imperial Petroleum has a 12-month low of $18.71 and a 12-month high of $25.70. The stock’s 50-day moving average price is $24.66 and its two-hundred day moving average price is $23.33.

Imperial Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Wednesday, June 26th were issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a yield of 8.77%. The ex-dividend date was Wednesday, June 26th.

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.