Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 32.6% in February

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

Imperial Petroleum Price Performance

NASDAQ:IMPPP traded down $0.21 during mid-day trading on Friday, reaching $24.62. The company’s stock had a trading volume of 2,535 shares, compared to its average volume of 2,517. The firm’s fifty day moving average price is $24.91 and its two-hundred day moving average price is $25.09. Imperial Petroleum has a 12-month low of $22.89 and a 12-month 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 issued a dividend of $0.5469 per share. 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%.

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.