Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPP) Rises By 69.3%
14.1% from the March 15th total of 13,200,000 shares. Imperial Petroleum Inc. was the target of a large increase in short interest in March.
( ) was the subject of a significant increase in short interest during March. On March 31, there were 15,100,000 shorted shares. This is an increase of 69.3% compared to the total of 8,920,000 on March 15. Around 7.8% of a company's shares are short. The days-tocover ratio currently stands at 1.6 days based on an average daily share volume of 9,320,000.
Imperial Petroleum: Institutional Investors Take a Stand
Several hedge funds and institutional investors recently bought and sold IMPP shares. Millennium Management LLC acquired a new stake in Imperial Petroleum shares in the second quarter, valued at $25,000 UBS Group AG increased its holdings of Imperial Petroleum shares by 185.2% during the third quarter. UBS Group AG owns 84 224 shares worth $27,000, after purchasing 54,688 additional shares in the last quarter. Estabrook Capital Management acquired a new shareholding in Imperial Petroleum during the fourth quarter, valued at $59,000. Barclays PLC increased its holdings of Imperial Petroleum shares by 16,005.1% during the third quarter. Barclays PLC owns 251,562 of the company’s stock, worth $82,000. This is after purchasing an additional 250,000 during the last quarter. The stock rose $0.01 to $0.20 during Tuesday's trading at midday. The stock changed hands 4,628,439 times, as compared to the average trading volume of 8,988,914. Imperial Petroleum's 12-month low is $0.15, and its 12-month high is $1.33. The company has a moving average for 50 days of $0.21, and a moving average for 200 days of $0.29. The debt-to equity ratio for the company is 0.21. It has a quick ratio 5.26, and a current of 5.49. The market capitalization is $39.64 million. It has a PE of 1.46, and a beta value of 1.16.
The company last announced its earnings on February 15th. The company reported $0.07 earnings per share for the quarter. Imperial Petroleum's net margin was 30.42%, and its return on equity was 39.22%. Revenue for the company was $37.92 millions during the third quarter.
Imperial Petroleum Company Profile
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Imperial Petroleum Inc. provides seaborne international transportation services for oil producers, refineries and commodities traders. It transports refined petroleum products such as gasoline and diesel as well as jet fuel and fuel oil. It also carries edible oils, chemicals, and crude oils. The company had four medium-range refined petroleum products tankers, and one Aframax Crude Oil tanker, with a combined capacity of 305.804 deadweight tonnes, as of March 29th, 2022.
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