Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Increase in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 3,200 shares, a growth of 52.4% from the January 31st total of 2,100 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 0.3 days.

Marine Petroleum Trust Price Performance

NASDAQ MARPS traded down $0.01 during mid-day trading on Tuesday, reaching $3.88. The stock had a trading volume of 4,670 shares, compared to its average volume of 13,958. The stock has a market cap of $7.75 million, a PE ratio of 12.50 and a beta of 0.26. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $6.50. The company has a fifty day moving average price of $4.08 and a 200 day moving average price of $4.03.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. The firm had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.0771 per share. This represents a $0.31 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend is Friday, February 28th. Marine Petroleum Trust’s dividend payout ratio is currently 96.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a report on Tuesday, February 25th. They issued a “hold” rating for the company.

About Marine Petroleum Trust

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.