Hugoton Royalty Trust (OTCMKTS:HGTXU) Sees Large Increase in Short Interest

Hugoton Royalty Trust (OTCMKTS:HGTXU) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,164 shares, an increase of 742.0% from the December 31st total of 257 shares. Based on an average trading volume of 58,845 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 58,845 shares, the days-to-cover ratio is presently 0.0 days.

Hugoton Royalty Trust Stock Up 1.6%

HGTXU traded up $0.01 on Wednesday, reaching $0.33. 29,348 shares of the company’s stock were exchanged, compared to its average volume of 34,692. Hugoton Royalty Trust has a twelve month low of $0.11 and a twelve month high of $0.62. The company’s 50 day moving average is $0.30 and its 200-day moving average is $0.33.

About Hugoton Royalty Trust

Hugoton Royalty Trust (OTCMKTS:HGTXU) is a passive oil and gas royalty trust that holds specified overriding royalty interests in producing properties within the Hugoton natural gas field, one of North America’s largest conventional gas accumulations. The trust itself does not conduct exploration or development activities; instead, it collects and distributes a fixed percentage of production revenue generated by third?party operators on its interest acreage.

The primary assets of the trust cover acreage in the Hugoton Field spanning southwestern Kansas, the Texas Panhandle, and adjacent areas of Oklahoma.