Oceanpal Inc. (NASDAQ:SVRN) Short Interest Update

Oceanpal Inc. (NASDAQ:SVRN – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 7,432 shares, a decline of 69.1% from the May 14th total of 24,021 shares. Based on an average daily volume of 54,797 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research firms have commented on SVRN. Weiss Ratings initiated coverage on shares of Oceanpal in a research note on Thursday, April 2nd. They issued a “sell (e+)” rating on the stock. Wall Street Zen raised Oceanpal to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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Oceanpal Stock Performance

Shares of SVRN stock traded up $0.20 during trading hours on Thursday, reaching $10.20. 3,332 shares of the company’s stock were exchanged, compared to its average volume of 150,945. The firm has a market cap of $19.18 million, a P/E ratio of -0.01 and a beta of 1.44. Oceanpal has a 1 year low of $3.12 and a 1 year high of $1,585.00. The business’s 50 day simple moving average is $9.60.

Oceanpal (NASDAQ:SVRN – Get Free Report) last issued 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 for the quarter.

Oceanpal Company Profile

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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.

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