OceanPal Inc. (NASDAQ:OP) Short Interest Update

OceanPal Inc. (NASDAQ:OP) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 28,500 shares, an increase of 87.5% from the June 15th total of 15,200 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is currently 1.5 days.

OceanPal Trading Up 1.8 %

Shares of OP stock traded up $0.03 on Friday, reaching $1.86. The company’s stock had a trading volume of 5,113 shares, compared to its average volume of 26,787. The stock’s fifty day simple moving average is $2.15 and its 200-day simple moving average is $2.37. OceanPal has a 1 year low of $1.48 and a 1 year high of $3.33. The company has a market capitalization of $13.86 million, a price-to-earnings ratio of -0.66 and a beta of 0.52.

OceanPal (NASDAQ:OP) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $5.69 million for the quarter. OceanPal had a negative net margin of 16.24% and a negative return on equity of 3.63%.

About OceanPal

OceanPal Inc provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons.