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

Marine Petroleum Trust (NASDAQ:MARPSGet Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 51,500 shares, an increase of 120.1% from the April 15th total of 23,400 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 586,600 shares, the short-interest ratio is currently 0.1 days.

An institutional investor recently raised its position in Marine Petroleum Trust stock. Morgan Stanley lifted its position in shares of Marine Petroleum Trust (NASDAQ:MARPSGet Rating) by 289.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,600 shares of the energy company’s stock after purchasing an additional 56,200 shares during the quarter. Morgan Stanley owned 3.78% of Marine Petroleum Trust worth $389,000 at the end of the most recent reporting period.

Separately, started coverage on shares of Marine Petroleum Trust in a report on Monday, April 11th. They set a “hold” rating for the company.

NASDAQ MARPS opened at $7.14 on Friday. The company has a 50 day moving average of $9.71 and a 200-day moving average of $6.45. Marine Petroleum Trust has a 1-year low of $3.75 and a 1-year high of $32.00.

Marine Petroleum Trust (NASDAQ:MARPSGet Rating) last issued its quarterly earnings results on Monday, February 14th. The energy company reported $0.09 earnings per share for the quarter. The business had revenue of $0.27 million during the quarter. Marine Petroleum Trust had a net margin of 69.94% and a return on equity of 55.32%.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Monday, February 28th were issued a dividend of $0.107 per share. This represents a $0.43 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Friday, February 25th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.11.

Marine Petroleum Trust Company Profile (Get Rating)

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas.

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