Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 6.7% in December

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,800 shares, a decline of 6.7% from the December 15th total of 3,000 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 2.0 days.

Imperial Petroleum Trading Down 0.4 %

Shares of NASDAQ:IMPPP traded down $0.10 during trading on Friday, reaching $24.90. 998 shares of the stock traded hands, compared to its average volume of 1,278. The stock has a 50-day moving average of $25.19 and a two-hundred day moving average of $25.03. Imperial Petroleum has a 52-week low of $21.00 and a 52-week high of $29.81.

Imperial Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Tuesday, December 24th were issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date was Tuesday, December 24th.

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.