Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 200 shares, a drop of 71.4% from the August 30th total of 700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.0 days.
Shares of NASDAQ MARPS traded up $0.11 during mid-day trading on Friday, hitting $2.17. 183 shares of the stock traded hands, compared to its average volume of 4,059. Marine Petroleum Trust has a twelve month low of $1.22 and a twelve month high of $3.57. The firm has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.28.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $0.086 per share. This represents a $0.34 annualized dividend and a dividend yield of 15.85%. The ex-dividend date was Thursday, August 29th.
About Marine Petroleum Trust
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust’s predecessors and Chevron Corporation (Chevron) and its assignees.
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