Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Decline in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decrease in short interest during 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. Based on an average daily volume of 31,613 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 31,613 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marine Petroleum Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Marine Petroleum Trust has an average rating of “Sell”.

Marine Petroleum Trust Stock Performance

NASDAQ MARPS traded up $0.10 during trading on Friday, reaching $4.38. 93,438 shares of the company’s stock were exchanged, compared to its average volume of 43,681. The company has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $4.53. The stock has a market cap of $8.76 million, a P/E ratio of 14.13 and a beta of 0.40. Marine Petroleum Trust has a 1 year low of $3.34 and a 1 year high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Thursday, February 12th. The energy company reported $0.10 earnings per share for the quarter. The firm had revenue of $0.27 million during the quarter. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.

Hedge Funds Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV bought a new stake in Marine Petroleum Trust (NASDAQ:MARPS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned about 1.23% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.76% of the company’s stock.

About Marine Petroleum Trust

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.