Short Interest in OceanPal Inc. (NASDAQ:OP) Expands By 55.1%

OceanPal Inc. (NASDAQ:OP) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 12,100 shares, an increase of 55.1% from the February 28th total of 7,800 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 15,400 shares, the short-interest ratio is presently 0.8 days.

OceanPal Stock Performance

OP stock opened at $0.83 on Friday. The firm has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.31. OceanPal has a fifty-two week low of $0.79 and a fifty-two week high of $3.10. The firm has a market cap of $6.17 million, a PE ratio of -0.44 and a beta of 0.52.

About OceanPal

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.