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

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 4,800 shares, a decrease of 22.6% from the October 15th total of 6,200 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 2.0 days.

Imperial Petroleum Stock Performance

NASDAQ IMPPP remained flat at $25.15 during trading hours on Friday. The company had a trading volume of 115 shares, compared to its average volume of 2,537. The stock has a fifty day simple moving average of $25.18 and a 200-day simple moving average of $24.85. Imperial Petroleum has a 1 year low of $19.60 and a 1 year high of $29.81.

Imperial Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a $0.5469 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $2.19 annualized dividend and a dividend yield of 8.70%.

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.