Martin Midstream Partners L.P. (NASDAQ:MMLP) Short Interest Up 166.5% in December

Martin Midstream Partners L.P. (NASDAQ:MMLP) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 91,450 shares, a growth of 166.5% from the December 15th total of 34,317 shares. Based on an average daily trading volume, of 28,521 shares, the short-interest ratio is currently 3.2 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 28,521 shares, the short-interest ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Martin Midstream Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Martin Midstream Partners Trading Up 1.0%

Shares of Martin Midstream Partners stock opened at $3.02 on Wednesday. The business has a 50-day moving average price of $2.64 and a two-hundred day moving average price of $2.91. Martin Midstream Partners has a 1-year low of $2.21 and a 1-year high of $3.90. The company has a market cap of $117.95 million, a P/E ratio of -5.81 and a beta of 0.58.

Martin Midstream Partners (NASDAQ:MMLP) last announced its earnings results on Wednesday, October 15th. The pipeline company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.19). The company had revenue of $168.72 million during the quarter, compared to the consensus estimate of $192.59 million. Equities research analysts forecast that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Meriwether Wealth & Planning LLC bought a new position in Martin Midstream Partners during the second quarter worth $30,000. Ipsen Advisor Group LLC bought a new position in shares of Martin Midstream Partners during the 2nd quarter worth about $34,000. Citadel Advisors LLC acquired a new stake in shares of Martin Midstream Partners in the 3rd quarter valued at about $41,000. Artisan Partners Limited Partnership bought a new stake in Martin Midstream Partners in the 2nd quarter valued at about $99,000. Finally, Susquehanna International Group LLP raised its stake in Martin Midstream Partners by 298.9% during the 3rd quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company’s stock worth $135,000 after buying an additional 33,064 shares during the period. Institutional investors and hedge funds own 34.90% of the company’s stock.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.