OceanPal Inc. (NASDAQ:OP) Short Interest Down 60.8% in February

OceanPal Inc. (NASDAQ:OP) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 3,100 shares, a drop of 60.8% from the January 31st total of 7,900 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

OceanPal Stock Performance

Shares of NASDAQ OP opened at $1.08 on Friday. The firm has a fifty day moving average of $1.15 and a 200 day moving average of $1.42. The firm has a market cap of $8.04 million, a PE ratio of -0.57 and a beta of 0.53. OceanPal has a one year low of $1.02 and a one year high of $3.15.

OceanPal (NASDAQ:OP) last announced its earnings results on Friday, December 20th. The company reported ($0.08) earnings per share (EPS) for the quarter. OceanPal had a negative net margin of 37.37% and a negative return on equity of 10.69%.

OceanPal Company Profile

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.