Imperial Petroleum Inc. (NASDAQ:IMPPP) Sees Significant Drop in Short Interest

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 3,100 shares, a decline of 32.6% from the February 13th total of 4,600 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is currently 1.7 days.

Imperial Petroleum Stock Performance

Imperial Petroleum stock traded down $0.21 during trading hours on Friday, hitting $24.62. 2,535 shares of the stock traded hands, compared to its average volume of 2,526. The firm’s 50-day moving average price is $24.91 and its two-hundred day moving average price is $25.09. Imperial Petroleum has a one year low of $22.89 and a one year high of $29.81.

Imperial Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a $0.5469 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $2.19 annualized dividend and a dividend yield of 8.88%.

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.