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

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 8,200 shares, an increase of 41.4% from the March 15th total of 5,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a research note on Monday, April 14th. They issued a “hold” rating for the company.

Marine Petroleum Trust Stock Down 0.6 %

Marine Petroleum Trust stock opened at $3.90 on Friday. The stock’s 50 day moving average is $3.92 and its 200 day moving average is $4.00. The company has a market capitalization of $7.79 million, a P/E ratio of 12.57 and a beta of 0.01. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $5.20.

Marine Petroleum Trust (NASDAQ:MARPS) last issued 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 company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0771 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend was Friday, February 28th. Marine Petroleum Trust’s payout ratio is 96.77%.

Marine Petroleum Trust Company Profile

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.