Short Interest in OceanPal Inc. (NASDAQ:OP) Declines By 60.8%

OceanPal Inc. (NASDAQ:OP) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,100 shares, a decrease of 60.8% from the January 31st total of 7,900 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

OceanPal Stock Down 1.9 %

Shares of NASDAQ OP traded down $0.02 during midday trading on Friday, hitting $1.06. The stock had a trading volume of 9,000 shares, compared to its average volume of 12,785. The business’s 50 day moving average is $1.15 and its 200-day moving average is $1.42. OceanPal has a 52 week low of $1.02 and a 52 week high of $3.15. The company has a market cap of $7.90 million, a P/E ratio of -0.56 and a beta of 0.53.

OceanPal (NASDAQ:OP) last released its quarterly earnings data on Friday, December 20th. The company reported ($0.08) EPS for the quarter. OceanPal had a negative net margin of 37.37% and a negative return on equity of 10.69%.

OceanPal Company Profile

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.