Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Significant Increase in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 11,983 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 50,729 shares, the days-to-cover ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Stock Up 1.4%

Shares of CHKR traded up $0.01 during trading hours on Monday, reaching $0.40. 2,347 shares of the company traded hands, compared to its average volume of 33,045. The business has a fifty day moving average price of $0.37 and a 200-day moving average price of $0.38. Chesapeake Granite Wash Trust has a 12-month low of $0.15 and a 12-month high of $0.50. The stock has a market capitalization of $18.55 million, a P/E ratio of 5.67 and a beta of 0.19.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (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 statutory trust established to hold royalty interests in oil and natural gas properties in the Granite Wash formation of western Oklahoma. The trust is not an operating exploration and production company; instead, it receives royalty payments generated from the sale of hydrocarbons produced from the underlying properties.

The trust’s interests are located primarily in Washita and Custer counties, Oklahoma. Production from the properties includes crude oil, natural gas and natural gas liquids.