Marine Petroleum Trust (NASDAQ:MARPS) Sees Large Decrease in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 200 shares, a decrease of 92.9% from the June 30th total of 2,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a report on Wednesday. They set a “hold” rating on the stock.

Marine Petroleum Trust Price Performance

Shares of NASDAQ MARPS traded up $0.06 during mid-day trading on Friday, hitting $3.90. The company’s stock had a trading volume of 744 shares, compared to its average volume of 10,959. The stock has a market cap of $7.80 million, a price-to-earnings ratio of 9.75 and a beta of 0.23. Marine Petroleum Trust has a one year low of $3.77 and a one year high of $6.50. The company’s fifty day simple moving average is $4.00 and its 200-day simple moving average is $4.25.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $0.25 million for the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%.

Marine Petroleum Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.056 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.74%. Marine Petroleum Trust’s dividend payout ratio is 55.00%.

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.