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

Marine Petroleum Trust (NASDAQ:MARPS) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,800 shares, an increase of 107.1% from the February 28th total of 2,800 shares. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Marine Petroleum Trust in a research note on Saturday. They issued a “hold” rating for the company.

Marine Petroleum Trust Stock Performance

Shares of Marine Petroleum Trust stock traded up $0.03 during trading hours on Friday, reaching $3.91. The company’s stock had a trading volume of 4,162 shares, compared to its average volume of 13,861. The company has a market capitalization of $7.82 million, a P/E ratio of 12.62 and a beta of 0.18. Marine Petroleum Trust has a one year low of $3.76 and a one year high of $6.50. The stock’s fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $4.01.

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

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $0.0771 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date of this dividend was Friday, February 28th. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 96.77%.

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.