Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) saw some unusual options trading on Monday. Investors bought 5,632 call options on the company. This represents an increase of 140% compared to the typical volume of 2,344 call options.
Imperial Petroleum Trading Up 0.2 %
Imperial Petroleum stock traded up $0.01 during midday trading on Monday, reaching $4.02. 949,511 shares of the stock traded hands, compared to its average volume of 572,398. The company has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $2.86. Imperial Petroleum has a 12-month low of $1.18 and a 12-month high of $4.53. The firm has a market cap of $119.84 million, a PE ratio of 3.01 and a beta of 1.18.
Hedge Funds Weigh In On Imperial Petroleum
Hedge funds and other institutional investors have recently bought and sold shares of the company. Privium Fund Management UK Ltd purchased a new position in shares of Imperial Petroleum in the 4th quarter valued at about $27,000. PEAK6 Investments LLC purchased a new position in shares of Imperial Petroleum in the 1st quarter valued at about $108,000. Acadian Asset Management LLC purchased a new position in shares of Imperial Petroleum in the 3rd quarter valued at about $456,000. Towerview LLC purchased a new position in shares of Imperial Petroleum in the 3rd quarter valued at about $632,000. Finally, Deuterium Capital Management LLC boosted its stake in shares of Imperial Petroleum by 174.4% in the 1st quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company's stock valued at $1,247,000 after buying an additional 253,230 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
About Imperial Petroleum
(
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Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
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