Marathon Patent Group Inc (NASDAQ:MARA) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,685,990 shares, an increase of 44.1% from the November 30th total of 1,864,088 shares. Currently, 32.3% of the shares of the company are short sold. Based on an average trading volume of 8,173,704 shares, the days-to-cover ratio is presently 0.3 days.
Marathon Patent Group (NASDAQ:MARA) opened at $4.10 on Friday. Marathon Patent Group has a one year low of $0.50 and a one year high of $10.03. The stock has a market cap of $51.17, a PE ratio of -0.46 and a beta of 2.72.
Separately, ValuEngine lowered shares of Marathon Patent Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.
Marathon Patent Group Inc (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets.
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