Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPPP) Decreases By 32.6%

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,100 shares, a drop of 32.6% from the February 13th total of 4,600 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 1.7 days.

Imperial Petroleum Stock Performance

Shares of NASDAQ IMPPP traded up $0.35 during midday trading on Monday, hitting $25.05. 328 shares of the company’s stock were exchanged, compared to its average volume of 2,507. Imperial Petroleum has a twelve month low of $22.89 and a twelve month high of $29.81. The stock’s 50 day moving average price is $24.90 and its 200-day moving average price is $25.09.

Imperial Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a $0.5469 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $2.19 annualized dividend and a dividend yield of 8.73%.

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.