Short Interest in Marine Petroleum Trust (NASDAQ:MARPS) Expands By 142.9%

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,700 shares, a growth of 142.9% from the September 15th total of 700 shares. Based on an average trading volume of 587,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Shares of NASDAQ MARPS traded up $0.16 during trading on Thursday, reaching $5.29. 153 shares of the stock were exchanged, compared to its average volume of 1,827,661. Marine Petroleum Trust has a twelve month low of $2.15 and a twelve month high of $8.98. The business’s 50-day moving average price is $4.42 and its 200 day moving average price is $4.49.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 28th. Shareholders of record on Tuesday, August 31st were issued a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.84%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, August 30th.

A hedge fund recently raised its stake in Marine Petroleum Trust stock. Morgan Stanley boosted its stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) by 289.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,600 shares of the energy company’s stock after acquiring an additional 56,200 shares during the quarter. Morgan Stanley owned 3.78% of Marine Petroleum Trust worth $389,000 as of its most recent SEC filing. 4.97% of the stock is owned by institutional investors and hedge funds.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust operates as a royalty trust, which engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. The company was founded on June 1, 1956 and is headquartered in Dallas, TX.

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