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.
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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