OceanPal Inc. (NASDAQ:OP) Short Interest Update

OceanPal Inc. (NASDAQ:OP) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 6,300 shares, a drop of 41.7% from the October 15th total of 10,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 13,100 shares, the short-interest ratio is currently 0.5 days.

OceanPal Price Performance

Shares of NASDAQ:OP traded up $0.04 during midday trading on Wednesday, reaching $1.50. The company’s stock had a trading volume of 12,221 shares, compared to its average volume of 24,061. The business has a 50 day moving average price of $1.61 and a 200 day moving average price of $1.87. OceanPal has a 1 year low of $1.40 and a 1 year high of $3.15.

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.