OceanPal Inc. (NASDAQ:OP) Short Interest Up 151.6% in February

OceanPal Inc. (NASDAQ:OP) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 7,800 shares, an increase of 151.6% from the February 13th total of 3,100 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

OceanPal Trading Up 0.9 %

Shares of NASDAQ:OP traded up $0.01 during midday trading on Friday, reaching $0.91. 6,473 shares of the company were exchanged, compared to its average volume of 19,476. The business’s fifty day moving average is $1.11 and its two-hundred day moving average is $1.37. OceanPal has a one year low of $0.79 and a one year high of $3.15. The stock has a market cap of $6.74 million, a PE ratio of -0.48 and a beta of 0.52.

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

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.