Marine Petroleum Trust (NASDAQ:MARPS) Stock Short Interest Rises 569.8%

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 9,752 shares, an increase of 569.8% from the September 30th total of 1,456 shares. Based on an average daily trading volume, of 4,025 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Marine Petroleum Trust Stock Down 1.7%

MARPS stock traded down $0.07 during trading on Tuesday, hitting $4.23. 698 shares of the company’s stock traded hands, compared to its average volume of 31,753. The firm has a market capitalization of $8.46 million, a P/E ratio of 12.44 and a beta of 0.37. The business has a fifty day simple moving average of $4.46 and a two-hundred day simple moving average of $4.75. Marine Petroleum Trust has a 1 year low of $4.04 and a 1 year high of $6.49.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Friday, September 25th. The energy company reported $0.10 EPS for the quarter. The company had revenue of $0.26 million during the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were issued a $0.0954 dividend. This is a drop from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. This represents a $0.38 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date was Monday, August 31st. Marine Petroleum Trust’s dividend payout ratio is presently 111.76%.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a publicly traded royalty trust organized to receive income from oil and natural gas properties. The trust does not operate drilling rigs or provide energy services directly; instead, it holds royalty interests in producing and prospective oil and gas assets and distributes the resulting proceeds to its unit holders after expenses and other obligations.

The trust’s interests are primarily associated with offshore properties in the Gulf of Mexico, including areas off the coasts of Louisiana and Texas.