Short Interest in Marine Petroleum Trust (NASDAQ:MARPS) Declines By 57.1%

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,221 shares, a decrease of 57.1% from the January 15th total of 26,165 shares. Based on an average daily trading volume, of 31,613 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 31,613 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marine Petroleum Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV bought a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned about 1.23% of Marine Petroleum Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Marine Petroleum Trust Price Performance

Shares of MARPS stock traded down $0.83 on Thursday, hitting $4.28. The stock had a trading volume of 71,673 shares, compared to its average volume of 41,968. The business has a 50 day moving average of $4.44 and a 200 day moving average of $4.53. Marine Petroleum Trust has a 12-month low of $3.34 and a 12-month high of $7.90. The stock has a market cap of $8.56 million, a price-to-earnings ratio of 13.81 and a beta of 0.40.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Thursday, February 12th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 64.77% and a return on equity of 67.66%.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.