Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

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Marine Petroleum Trust (NASDAQ:MARPS) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the September 30th total of 100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is currently 0.3 days.

MARPS stock traded down $0.04 during trading on Wednesday, reaching $2.27. The stock had a trading volume of 3,800 shares, compared to its average volume of 8,756. Marine Petroleum Trust has a 52 week low of $1.22 and a 52 week high of $3.11. The stock’s 50 day moving average is $2.16 and its two-hundred day moving average is $2.25.

Marine Petroleum Trust Company Profile

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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