Short Interest in Marine Petroleum Trust (NASDAQ:MARPS) Increases By 660.0%

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,800 shares, an increase of 660.0% from the December 31st total of 500 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Marine Petroleum Trust Stock Down 0.5 %

Shares of MARPS stock traded down $0.02 during mid-day trading on Tuesday, reaching $4.02. 13,784 shares of the company’s stock traded hands, compared to its average volume of 23,381. The company’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.02. The company has a market cap of $8.04 million, a P/E ratio of 10.86 and a beta of 0.26. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50.

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

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed 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 is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. This represents a $0.41 annualized dividend and a yield of 10.24%. Marine Petroleum Trust’s dividend payout ratio is 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.