Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,807 shares, a decrease of 57.0% from the June 30th total of 8,862 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 8,571 shares, the short-interest ratio is currently 0.4 days.

Oceanpal Price Performance

NASDAQ SVRN opened at $6.71 on Monday. The company’s 50-day moving average price is $9.18. Oceanpal has a twelve month low of $3.12 and a twelve month high of $108.00. The stock has a market capitalization of $12.59 million, a P/E ratio of -0.01 and a beta of 1.45.

Oceanpal (NASDAQ:SVRN) last posted its quarterly earnings data on Thursday, March 26th. The company reported $306.60 earnings per share (EPS) for the quarter. The firm had revenue of $3.62 million during the quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Oceanpal to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Oceanpal in a research report on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Oceanpal has a consensus rating of “Sell”.

Oceanpal Company Profile

OceanPal Inc focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.