OceanPal Inc. (NASDAQ:OP) Short Interest Down 12.6% in June

OceanPal Inc. (NASDAQ:OP) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 15,200 shares, a decrease of 12.6% from the May 31st total of 17,400 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.8 days.

OceanPal Stock Down 1.6 %

OP opened at $1.86 on Friday. OceanPal has a 12 month low of $1.26 and a 12 month high of $3.33. The company has a fifty day simple moving average of $2.27 and a 200 day simple moving average of $2.39. The stock has a market cap of $13.86 million, a P/E ratio of -0.66 and a beta of 0.54.

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

OceanPal Company Profile

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.