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

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

Imperial Petroleum Stock Performance

Imperial Petroleum stock traded down $0.10 during midday trading on Friday, reaching $24.90. The 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 company has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $25.03.

Imperial Petroleum Announces Dividend

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

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.