Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Update

Imperial Petroleum Inc. (NASDAQ:IMPPP) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 6,000 shares, a drop of 17.8% from the August 15th total of 7,300 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 3.0 days.

Imperial Petroleum Stock Up 0.4 %

Shares of Imperial Petroleum stock opened at $25.60 on Wednesday. The firm’s fifty day simple moving average is $24.77 and its 200-day simple moving average is $24.44. Imperial Petroleum has a 12 month low of $18.71 and a 12 month high of $26.74.

Imperial Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a yield of 8.55%. The ex-dividend date is Wednesday, September 25th.

About Imperial Petroleum

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.