Short Interest in Marine Petroleum Trust (NASDAQ:MARPS) Drops By 71.4%

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 200 shares, a drop of 71.4% from the August 30th total of 700 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Shares of NASDAQ:MARPS traded up $0.11 during mid-day trading on Friday, hitting $2.17. The company had a trading volume of 183 shares, compared to its average volume of 4,059. The firm has a fifty day moving average price of $2.18 and a 200 day moving average price of $2.28. Marine Petroleum Trust has a one year low of $1.22 and a one year high of $3.57.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.086 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.34 annualized dividend and a dividend yield of 15.85%.

About Marine Petroleum Trust

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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