Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Stock Short Interest Report for September

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,583 shares, a drop of 53.4% from the September 15th total of 11,983 shares. Based on an average daily volume of 21,894 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Chesapeake Granite Wash Trust Stock Up 3.3%

Shares of Chesapeake Granite Wash Trust stock traded up $0.01 on Thursday, reaching $0.37. The company’s stock had a trading volume of 664 shares, compared to its average volume of 31,925. The company has a market capitalization of $17.38 million, a P/E ratio of 5.31 and a beta of 0.28. Chesapeake Granite Wash Trust has a 52-week low of $0.15 and a 52-week high of $0.49. The stock has a 50-day moving average price of $0.38 and a 200-day moving average price of $0.37.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced 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 return on equity of 30.64% and a net margin of 58.92%.

Chesapeake Granite Wash Trust Company Profile

Chesapeake Granite Wash Trust is a Delaware statutory trust that holds royalty and net profits interests in oil and natural gas properties located in the Granite Wash region of western Oklahoma, primarily in Washita and Custer counties. The trust was established in 2011 in connection with the transfer of interests by Chesapeake Energy Corporation and related entities.

The trust does not explore for, develop, or operate oil and gas wells itself. Instead, it receives distributions based on production from the underlying properties, which include interests in producing wells and certain development properties.