OceanPal Inc. (NASDAQ:OP) Short Interest Update

OceanPal Inc. (NASDAQ:OP) saw a large decline in short interest in June. As of June 15th, there was short interest totalling 15,200 shares, a decline of 12.6% from the May 31st total of 17,400 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.7% of the shares of the company are short sold.

OceanPal Trading Up 2.2 %

OP traded up $0.04 on Monday, hitting $1.90. 6,415 shares of the company were exchanged, compared to its average volume of 27,454. OceanPal has a fifty-two week low of $1.26 and a fifty-two week high of $3.33. The business’s fifty day moving average is $2.27 and its 200 day moving average is $2.39.

OceanPal (NASDAQ:OP) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($0.23) earnings per share for the quarter. OceanPal had a negative net margin of 16.24% and a negative return on equity of 3.63%. The firm had revenue of $5.69 million during the quarter.

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.