Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) was the target of a significant drop in short interest in 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 trading volume, of 1,400 shares, the days-to-cover ratio is currently 2.0 days.
Imperial Petroleum Price Performance
Shares of IMPPP opened at $24.90 on Monday. The firm has a 50-day moving average of $25.19 and a 200-day moving average of $25.04. Imperial Petroleum has a one year low of $21.00 and a one year high of $29.81.
Imperial Petroleum Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date was Tuesday, December 24th.
About Imperial Petroleum
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.
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