Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Increases By 20.0%

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 3,000 shares, a growth of 20.0% from the March 15th total of 2,500 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 1.7 days.

Imperial Petroleum Trading Down 1.1 %

Shares of Imperial Petroleum stock traded down $0.28 during trading on Tuesday, hitting $23.87. The stock had a trading volume of 2,588 shares, compared to its average volume of 2,560. Imperial Petroleum has a fifty-two week low of $22.90 and a fifty-two week high of $29.81. The business has a fifty day moving average of $24.58 and a two-hundred day moving average of $24.93.

Imperial Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend was Wednesday, March 26th.

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.