Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPP) Rises By 8.3%

Imperial Petroleum Inc. (NASDAQ:IMPP) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,000,000 shares, a growth of 8.3% from the January 15th total of 2,770,000 shares. Approximately 16.1% of the shares of the company are short sold. Based on an average daily volume of 260,800 shares, the days-to-cover ratio is currently 11.5 days.

Institutional Investors Weigh In On Imperial Petroleum

Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in Imperial Petroleum in the 4th quarter worth approximately $147,000. Wexford Capital LP boosted its stake in shares of Imperial Petroleum by 91.7% during the 4th quarter. Wexford Capital LP now owns 598,473 shares of the company’s stock worth $1,801,000 after acquiring an additional 286,272 shares in the last quarter. Bank of America Corp DE grew its stake in Imperial Petroleum by 36.2% in the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company’s stock valued at $168,000 after buying an additional 14,822 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Imperial Petroleum during the 4th quarter worth about $178,000. Finally, PEAK6 LLC bought a new position in Imperial Petroleum during the fourth quarter worth $104,000. 94.44% of the stock is owned by institutional investors.

Imperial Petroleum Trading Down 1.8 %

NASDAQ:IMPP opened at $2.79 on Tuesday. Imperial Petroleum has a 52 week low of $2.55 and a 52 week high of $4.59. The firm has a market capitalization of $83.17 million, a PE ratio of 2.13 and a beta of 1.10. The stock has a 50 day moving average of $2.98 and a 200-day moving average of $3.49.

Imperial Petroleum (NASDAQ:IMPP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. Imperial Petroleum had a return on equity of 17.51% and a net margin of 34.87%. The company had revenue of $26.21 million during the quarter.

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.