Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Down 57.1% in January

Marine Petroleum Trust (NASDAQ:MARPS) saw a significant decrease in short interest in 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. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 31,613 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 31,613 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marine Petroleum Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Marine Petroleum Trust presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV purchased a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned 1.23% of Marine Petroleum Trust as of its most recent SEC filing. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Marine Petroleum Trust Stock Performance

Marine Petroleum Trust stock traded down $0.83 during mid-day trading on Thursday, reaching $4.28. The company’s stock had a trading volume of 71,673 shares, compared to its average volume of 41,968. The firm’s fifty day moving average price is $4.44 and its two-hundred day moving average price is $4.53. Marine Petroleum Trust has a 12-month low of $3.34 and a 12-month high of $7.90. The company has a market capitalization of $8.56 million, a P/E ratio of 13.81 and a beta of 0.40.

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

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.