Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) was the target of a large drop in short interest during the month of 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 trading volume of 1,400 shares, the days-to-cover ratio is presently 2.0 days.
Imperial Petroleum Price Performance
Shares of NASDAQ IMPPP opened at $24.90 on Monday. Imperial Petroleum has a twelve month low of $21.00 and a twelve month high of $29.81. The company’s fifty day moving average is $25.19 and its 200-day moving average is $25.04.
Imperial Petroleum Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Tuesday, December 24th were issued a $0.5469 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $2.19 annualized dividend and a dividend yield of 8.79%.
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.
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