Short Interest in Hugoton Royalty Trust (OTCMKTS:HGTXU) Drops By 97.2%

Hugoton Royalty Trust (OTCMKTS:HGTXU) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 252 shares, a decline of 97.2% from the April 15th total of 9,047 shares. Based on an average daily trading volume, of 98,814 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hugoton Royalty Trust Stock Down 3.8%

Shares of HGTXU stock traded down $0.01 during trading hours on Wednesday, hitting $0.22. 100 shares of the company were exchanged, compared to its average volume of 46,999. The business has a 50 day moving average of $0.23 and a two-hundred day moving average of $0.27. Hugoton Royalty Trust has a 52 week low of $0.11 and a 52 week high of $0.50.

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.