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

Marine Petroleum Trust (NASDAQ:MARPS) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 500 shares, a drop of 84.4% from the November 30th total of 3,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is currently 0.0 days.

Marine Petroleum Trust Price Performance

NASDAQ MARPS traded down $0.07 during mid-day trading on Friday, hitting $3.81. The stock had a trading volume of 4,791 shares, compared to its average volume of 12,579. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50. The firm’s 50 day moving average is $3.94 and its 200 day moving average is $3.97. The stock has a market capitalization of $7.62 million, a price-to-earnings ratio of 10.30 and a beta of 0.25.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The firm had revenue of $0.23 million for the quarter.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.1029 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 10.80%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s payout ratio is 110.81%.

Wall Street Analysts Forecast Growth

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

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.