OceanPal Inc. (NASDAQ:OP) Short Interest Down 12.6% in June

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

OceanPal Price Performance

OP opened at $1.86 on Friday. The firm has a market cap of $13.86 million, a P/E ratio of -0.66 and a beta of 0.54. OceanPal has a 1-year low of $1.26 and a 1-year high of $3.33. The company has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.39.

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

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.