Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Up 203.7% in June

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 8,200 shares, an increase of 203.7% from the June 15th total of 2,700 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is presently 3.4 days.

Imperial Petroleum Stock Performance

Shares of IMPPP traded down $0.07 during trading hours on Friday, hitting $24.68. The stock had a trading volume of 109 shares, compared to its average volume of 2,555. Imperial Petroleum has a 1-year low of $18.71 and a 1-year high of $25.70. The firm has a 50 day simple moving average of $24.68 and a 200-day simple moving average of $23.34.

Imperial Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Wednesday, June 26th were given a $0.5469 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $2.19 annualized dividend and a yield of 8.86%.

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.