Marine Petroleum Trust (NASDAQ:MARPS) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,700 shares, a growth of 142.9% from the September 15th total of 700 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 587,100 shares, the days-to-cover ratio is presently 0.0 days.
Shares of NASDAQ:MARPS traded up $0.16 on Thursday, reaching $5.29. The company’s stock had a trading volume of 153 shares, compared to its average volume of 1,827,661. The stock’s 50-day moving average is $4.42 and its two-hundred day moving average is $4.49. Marine Petroleum Trust has a 52-week low of $2.15 and a 52-week high of $8.98.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 28th. Investors of record on Tuesday, August 31st were issued a dividend of $0.064 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.84%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, August 30th.
Marine Petroleum Trust Company Profile
Marine Petroleum Trust operates as a royalty trust, which engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. The company was founded on June 1, 1956 and is headquartered in Dallas, TX.
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