Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Down 40.3% in July

Marine Petroleum Trust (NASDAQ:MARPS) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 4,771 shares, a decrease of 40.3% from the July 15th total of 7,986 shares. Based on an average daily trading volume, of 5,620 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock traded down $0.04 during mid-day trading on Tuesday, reaching $4.75. 2,639 shares of the company traded hands, compared to its average volume of 3,904. Marine Petroleum Trust has a fifty-two week low of $4.05 and a fifty-two week high of $6.49. The company has a market capitalization of $9.50 million, a price-to-earnings ratio of 14.84 and a beta of 0.39. The firm’s fifty day moving average is $4.70 and its two-hundred day moving average is $4.89.

Hedge Funds Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC purchased a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned 0.80% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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.