Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,800 shares, a growth of 660.0% from the December 15th total of 500 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 0.4 days.

Marine Petroleum Trust Stock Up 0.9 %

Shares of Marine Petroleum Trust stock traded up $0.04 on Monday, hitting $4.43. 51,173 shares of the company’s stock traded hands, compared to its average volume of 19,182. The firm’s 50-day moving average is $3.94 and its 200 day moving average is $3.98. The stock has a market cap of $8.86 million, a P/E ratio of 11.97 and a beta of 0.26. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-week high of $6.50.

Marine Petroleum Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were given a $0.1029 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.41 annualized dividend and a dividend yield of 9.29%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s payout ratio is presently 110.81%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Marine Petroleum Trust in a research note on Wednesday, January 8th. They issued a “hold” rating on the stock.

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.