Imperial Petroleum Inc. (NASDAQ:IMPPP – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 6,000 shares, a decrease of 17.8% from the August 15th total of 7,300 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 3.0 days.
Imperial Petroleum Stock Performance
IMPPP stock opened at $25.60 on Wednesday. The company has a 50-day moving average of $24.77 and a two-hundred day moving average of $24.44. Imperial Petroleum has a 52-week low of $18.71 and a 52-week high of $26.74.
Imperial Petroleum Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th will be issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Wednesday, September 25th.
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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