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

Marine Petroleum Trust (NASDAQ:MARPS) was the target 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. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,025 shares, the short-interest ratio is presently 2.4 days.

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock traded up $0.04 during trading hours on Thursday, hitting $4.29. The company had a trading volume of 6,420 shares, compared to its average volume of 31,631. The firm has a market capitalization of $8.57 million, a P/E ratio of 12.67 and a beta of 0.37. The firm’s fifty day moving average is $4.43 and its 200-day moving average is $4.75. Marine Petroleum Trust has a fifty-two week low of $4.04 and a fifty-two week high of $6.49.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Friday, September 25th. The energy company reported $0.10 earnings per share (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 disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, August 31st were issued a $0.0954 dividend. This is a decrease 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 8.9%. The ex-dividend date was Monday, August 31st. Marine Petroleum Trust’s dividend payout ratio is currently 111.76%.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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.