Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Up 100.0% in May

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,400 shares, an increase of 100.0% from the May 15th total of 1,700 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 1.1 days.

Imperial Petroleum Price Performance

NASDAQ:IMPPP traded down $0.03 on Friday, reaching $24.96. The stock had a trading volume of 2,305 shares, compared to its average volume of 2,484. Imperial Petroleum has a 1-year low of $18.71 and a 1-year high of $25.25. The stock has a fifty day moving average price of $24.38 and a 200-day moving average price of $22.75.

Imperial Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Wednesday, June 26th will be given a $0.5469 dividend. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $2.19 dividend on an annualized basis and a yield of 8.77%.

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.