Imperial Petroleum Inc. (NASDAQ:IMPP) Short Interest Up 8.3% in January

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

Institutional Investors Weigh In On Imperial Petroleum

Large investors have recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in shares of Imperial Petroleum during the 4th quarter valued at about $75,000. PEAK6 LLC bought a new stake in shares of Imperial Petroleum during the 4th quarter valued at about $104,000. Squarepoint Ops LLC bought a new stake in shares of Imperial Petroleum during the 4th quarter valued at about $147,000. Bank of America Corp DE grew its stake in shares of Imperial Petroleum by 36.2% during the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company’s stock valued at $168,000 after purchasing an additional 14,822 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Imperial Petroleum during the 4th quarter valued at about $178,000. 94.44% of the stock is currently owned by institutional investors.

Imperial Petroleum Trading Up 2.0 %

NASDAQ:IMPP traded up $0.06 during mid-day trading on Tuesday, reaching $2.85. The company’s stock had a trading volume of 31,973 shares, compared to its average volume of 286,004. Imperial Petroleum has a 12-month low of $2.55 and a 12-month high of $4.59. The firm’s fifty day moving average price is $2.98 and its two-hundred day moving average price is $3.49. The stock has a market cap of $84.81 million, a P/E ratio of 2.17 and a beta of 1.10.

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