Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Rises By ?

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 43,081 shares, an increase of ? from the July 15th total of 0 shares. Based on an average daily trading volume, of 42,340 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are sold short.

Chesapeake Granite Wash Trust Trading Up 5.8%

Chesapeake Granite Wash Trust stock opened at $0.42 on Tuesday. The firm has a market capitalization of $19.54 million, a price-to-earnings ratio of 5.97 and a beta of 0.17. The firm’s fifty day moving average price is $0.35 and its two-hundred day moving average price is $0.39. Chesapeake Granite Wash Trust has a 1-year low of $0.15 and a 1-year high of $0.50.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last posted its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter. Chesapeake Granite Wash Trust had a net margin of 58.92% and a return on equity of 30.64%.

About Chesapeake Granite Wash Trust

Chesapeake Granite Wash Trust is a royalty trust established to distribute proceeds from an overriding net profits interest in certain oil and natural gas properties. The trust holds interests in horizontal wells targeting the Granite Wash formation, a prolific reservoir spanning parts of the western Anadarko Basin in northwest Texas and western Oklahoma. Revenues generated by these assets are passed directly through to trust unitholders on a quarterly basis.

The underlying properties consist primarily of horizontal drilling projects operated by Chesapeake Energy and its affiliates.