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

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 8,200 shares, an increase 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 presently 3.4 days.

Imperial Petroleum Stock Up 0.7 %

IMPPP stock traded up $0.18 during mid-day trading on Thursday, reaching $24.93. The company had a trading volume of 35 shares, compared to its average volume of 2,576. The stock has a 50 day simple moving average of $24.66 and a two-hundred day simple moving average of $23.33. Imperial Petroleum has a 52 week low of $18.71 and a 52 week high of $25.70.

Imperial Petroleum Announces Dividend

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

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.