Marathon Patent Group Inc (NASDAQ:MARA) Short Interest Update

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Marathon Patent Group Inc (NASDAQ:MARA) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 650,400 shares, a growth of 30.7% from the May 30th total of 497,800 shares. Based on an average daily volume of 640,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.3% of the company’s shares are short sold.

Separately, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Shares of NASDAQ:MARA traded down $0.10 during midday trading on Friday, reaching $2.37. The company’s stock had a trading volume of 267,910 shares, compared to its average volume of 405,605. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day moving average of $2.52. Marathon Patent Group has a fifty-two week low of $1.32 and a fifty-two week high of $6.24.

Marathon Patent Group (NASDAQ:MARA) last announced its quarterly earnings data on Friday, May 10th. The business services provider reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $0.23 million during the quarter. Marathon Patent Group had a negative net margin of 737.26% and a negative return on equity of 239.43%.

Marathon Patent Group Company Profile

Marathon Patent Group, Inc is an IP licensing and commercialization company. It acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon Patent Group was founded on February 23, 2010 and is headquartered in Las Vegas, NV.

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