Marathon Patent Group Inc (NASDAQ:MARA) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 450,900 shares, a decrease of 20.0% from the June 30th total of 563,500 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 414,300 shares, the days-to-cover ratio is currently 1.1 days.
Separately, ValuEngine upgraded shares of Marathon Patent Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
Shares of MARA stock opened at $1.97 on Thursday. Marathon Patent Group has a 52-week low of $1.32 and a 52-week high of $4.28. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $2.35.
Marathon Patent Group, Inc is an IP licensing and commercialization company. It acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon Patent Group was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
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