Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 74.8% in May

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 4,234 shares, a decrease of 74.8% from the May 14th total of 16,789 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 79,140 shares, the days-to-cover ratio is presently 0.1 days.

Chesapeake Granite Wash Trust Stock Up 1.4%

OTCMKTS CHKR traded up $0.01 on Friday, hitting $0.36. The company’s stock had a trading volume of 18,221 shares, compared to its average volume of 36,727. Chesapeake Granite Wash Trust has a 1-year low of $0.35 and a 1-year high of $0.51. The company’s 50-day moving average is $0.38 and its 200 day moving average is $0.41. The firm has a market cap of $16.60 million, a PE ratio of 4.44 and a beta of 0.21.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a net margin of 69.70% and a return on equity of 37.23%. The firm had revenue of $1.10 million during the quarter.

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.