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

Martin Midstream Partners L.P. (NASDAQ:MMLP) saw a significant growth in short interest in 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 volume of 28,521 shares, the short-interest ratio is currently 3.2 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 28,521 shares, the short-interest ratio is currently 3.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Martin Midstream Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Martin Midstream Partners has a consensus rating of “Sell”.

Institutional Investors Weigh In On Martin Midstream Partners

Several institutional investors have recently added to or reduced their stakes in MMLP. Meriwether Wealth & Planning LLC bought a new position in Martin Midstream Partners during the 2nd quarter worth about $30,000. Ipsen Advisor Group LLC bought a new position in Martin Midstream Partners in the second quarter valued at $34,000. Citadel Advisors LLC acquired a new stake in Martin Midstream Partners in the 3rd quarter valued at $41,000. Artisan Partners Limited Partnership bought a new stake in Martin Midstream Partners during the 2nd quarter worth about $99,000. Finally, Susquehanna International Group LLP increased its position in shares of 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 purchasing an additional 33,064 shares during the last quarter. 34.90% of the stock is owned by institutional investors.

Martin Midstream Partners Trading Up 5.6%

Shares of NASDAQ MMLP traded up $0.16 during mid-day trading on Thursday, reaching $2.91. 7,672 shares of the company’s stock were exchanged, compared to its average volume of 14,195. Martin Midstream Partners has a twelve month low of $2.21 and a twelve month high of $3.90. The firm has a market capitalization of $113.47 million, a price-to-earnings ratio of -5.59 and a beta of 0.58. The business has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.91.

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

About Martin Midstream Partners

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.