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

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,000 shares, an increase of 15.4% from the November 30th total of 2,600 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 1.4 days.

Imperial Petroleum Trading Up 1.2 %

Imperial Petroleum stock traded up $0.30 during mid-day trading on Monday, reaching $24.75. The stock had a trading volume of 631 shares, compared to its average volume of 2,442. Imperial Petroleum has a fifty-two week low of $20.56 and a fifty-two week high of $29.81. The stock’s 50-day simple moving average is $25.20 and its 200-day simple moving average is $25.03.

Imperial Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Tuesday, December 24th will be paid a dividend of $0.5469 per share. The ex-dividend date is Tuesday, December 24th. This represents a $2.19 dividend on an annualized basis and a yield of 8.84%.

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.