OceanPal Inc. (NASDAQ:OP) Short Interest Update

OceanPal Inc. (NASDAQ:OP) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,400 shares, a decrease of 63.6% from the March 15th total of 12,100 shares. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

OceanPal Trading Up 1.4 %

OP traded up $0.01 during trading on Tuesday, hitting $0.70. 7,002 shares of the company’s stock traded hands, compared to its average volume of 17,904. The company’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $1.24. The stock has a market capitalization of $5.21 million, a price-to-earnings ratio of -0.37 and a beta of 0.53. OceanPal has a 12-month low of $0.63 and a 12-month high of $2.78.

OceanPal (NASDAQ:OP) last released its quarterly earnings results on Wednesday, April 9th. The company reported ($0.50) earnings per share for the quarter. The firm had revenue of $5.78 million 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.