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

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

Imperial Petroleum Trading Down 1.8 %

IMPP traded down $0.05 on Friday, hitting $2.73. 183,995 shares of the company's stock traded hands, compared to its average volume of 283,068. The company's 50 day simple moving average is $2.97 and its 200-day simple moving average is $3.47. The firm has a market cap of $81.38 million, a price-to-earnings ratio of 1.91 and a beta of 1.10. Imperial Petroleum has a one year low of $2.55 and a one year high of $4.59.

Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $26.21 million for the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%.

Institutional Trading of Imperial Petroleum

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMPP. GSA Capital Partners LLP increased its stake in Imperial Petroleum by 28.9% in the 3rd quarter. GSA Capital Partners LLP now owns 109,258 shares of the company's stock worth $453,000 after acquiring an additional 24,501 shares during the last quarter. Wexford Capital LP increased its stake in Imperial Petroleum by 41.8% in the 3rd quarter. Wexford Capital LP now owns 312,201 shares of the company's stock worth $1,296,000 after acquiring an additional 92,105 shares during the last quarter. Towerview LLC increased its stake in Imperial Petroleum by 4.6% in the 3rd quarter. Towerview LLC now owns 237,490 shares of the company's stock worth $986,000 after acquiring an additional 10,390 shares during the last quarter. Bank of America Corp DE increased its stake in Imperial Petroleum by 36.2% in the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company's stock worth $168,000 after acquiring an additional 14,822 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Imperial Petroleum in the 4th quarter worth approximately $147,000. Institutional investors own 94.44% of the company's stock.

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.