OceanPal's 15min chart shows KDJ Death Cross and Bearish Marubozu.

Based on the 15-minute chart of OceanPal, a KDJ Death Cross and Bearish Marubozu pattern emerged at 06/30/2025 10:00. This indicates a shift in the momentum of the stock price towards a downward trend, with a potential for further decline. Sellers currently dominate the market, and it is likely that this bearish momentum will continue.

As of November 15, 2024, OceanPal (OP) reported a decrease in short interest, signaling a shift in investor sentiment. The company's short interest stands at 5,900 shares, representing 0.08% of the float, a -6.35% decrease from the previous month [1]. This reduction in short interest suggests that fewer investors are betting on a decline in OceanPal's stock price, indicating a more optimistic outlook.

OceanPal's short interest ratio, also known as the days to cover, is 0.4, indicating that it would take approximately 0.4 days of the average trading volume of 23,532 shares to cover all short positions. This ratio is relatively low, suggesting that the company's short interest is easily coverable, which can be a positive sign for the stock's liquidity.

Comparatively, OceanPal's short interest percentage is significantly lower than many of its competitors in the transportation industry. For instance, Pyxis Tankers Inc. has a short interest of 1.46%, and Mesa Air Group, Inc. has 0.77% [1]. This suggests that OceanPal's low short interest is a notable indicator of positive investor sentiment.

A recent technical analysis of OceanPal's stock price indicates a KDJ Death Cross and Bearish Marubozu pattern emerging on June 30, 2025, at 10:00. This pattern suggests a shift in the stock's momentum towards a downward trend, potentially signaling further decline. Despite this bearish signal, the decrease in short interest suggests that investors are not uniformly pessimistic about OceanPal's future prospects.

In summary, OceanPal's recent decrease in short interest signals a more optimistic investor sentiment. While technical indicators suggest a potential downward trend, the reduction in short interest indicates that fewer investors are betting against the stock. This positive sentiment could potentially mitigate the bearish impact of the technical patterns observed.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/OP/short-interest/