Marine Petroleum Trust (NASDAQ:MARPS) Sees Large Decrease in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,100 shares, a decrease of 65.6% from the January 15th total of 6,100 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Marine Petroleum Trust in a report on Sunday. They issued a “hold” rating on the stock.

Marine Petroleum Trust Trading Up 0.1 %

Shares of NASDAQ:MARPS traded up $0.01 during mid-day trading on Wednesday, reaching $4.02. The stock had a trading volume of 2,012 shares, compared to its average volume of 17,540. The company has a market cap of $8.03 million, a P/E ratio of 10.85 and a beta of 0.26. The business’s 50 day moving average price is $4.02 and its 200 day moving average price is $4.03. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.12 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The company had revenue of $0.30 million for the quarter.

Marine Petroleum Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, November 29th were given a $0.1029 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.41 annualized dividend and a yield of 10.25%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 110.81%.

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.