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

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,800 shares, a decline of 6.7% from the December 15th total of 3,000 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 2.0 days.

Imperial Petroleum Price Performance

Shares of NASDAQ IMPPP traded down $0.10 during midday trading on Friday, reaching $24.90. The company’s stock had a trading volume of 998 shares, compared to its average volume of 1,278. Imperial Petroleum has a 12-month low of $21.00 and a 12-month high of $29.81. The firm has a 50 day moving average price of $25.19 and a 200-day moving average price of $25.03.

Imperial Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Tuesday, December 24th were issued a $0.5469 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.79%.

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.