Marine Petroleum Trust (NASDAQ:MARPS) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 8,100 shares, an increase of 47.3% from the June 30th total of 5,500 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 0.8 days.
Shares of Marine Petroleum Trust stock traded down $0.02 during trading on Monday, hitting $2.18. The company’s stock had a trading volume of 700 shares, compared to its average volume of 10,274. Marine Petroleum Trust has a 52 week low of $1.22 and a 52 week high of $4.21. The firm’s 50-day moving average is $2.16.
Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Wednesday, May 15th. The energy company reported $0.05 EPS for the quarter. The business had revenue of $0.18 million for the quarter. Marine Petroleum Trust had a net margin of 73.48% and a return on equity of 69.36%.
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust’s predecessors and Chevron Corporation (Chevron) and its assignees.
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