Marine Petroleum Trust (NASDAQ:MARPS) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,800 shares, a decrease of 38.7% from the April 30th total of 6,200 shares. Based on an average trading volume of 12,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.
Shares of MARPS stock traded up $0.05 on Tuesday, reaching $2.28. The company had a trading volume of 6,214 shares, compared to its average volume of 12,296. Marine Petroleum Trust has a 12 month low of $1.22 and a 12 month high of $4.85.
Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Wednesday, May 15th. The energy company reported $0.05 EPS for the quarter. The company had revenue of $0.18 million during the quarter. Marine Petroleum Trust had a return on equity of 69.36% and a net margin of 73.48%.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.0599 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 10.51%.
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.