Short Interest in OceanPal Inc. (NASDAQ:OP) Expands By 69.4%

OceanPal Inc. (NASDAQ:OP) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 6,100 shares, an increase of 69.4% from the November 30th total of 3,600 shares. Based on an average trading volume of 17,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

OceanPal Stock Performance

Shares of OP stock traded up $0.08 during trading hours on Friday, reaching $1.19. The company had a trading volume of 23,780 shares, compared to its average volume of 23,673. OceanPal has a 12-month low of $1.02 and a 12-month high of $3.15. The company has a market capitalization of $8.86 million, a price-to-earnings ratio of -0.41 and a beta of 0.49. The stock has a fifty day moving average of $1.44 and a 200-day moving average of $1.63.

OceanPal (NASDAQ:OP) last issued its earnings results on Friday, December 20th. The company reported ($0.08) earnings per share (EPS) for the quarter. OceanPal had a negative net margin of 58.08% and a negative return on equity of 14.26%.

About OceanPal

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.