Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Update

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 4,800 shares, a decline of 22.6% from the October 15th total of 6,200 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 2.0 days.

Imperial Petroleum Price Performance

IMPPP stock opened at $25.15 on Friday. The stock’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $24.85. Imperial Petroleum has a fifty-two week low of $19.60 and a fifty-two week high of $29.81.

Imperial Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Wednesday, September 25th.

Imperial Petroleum Company Profile

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.