Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Decreases By 74.8%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient 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. Based on an average trading volume of 79,140 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Chesapeake Granite Wash Trust Price Performance

Shares of CHKR stock traded up $0.00 on Thursday, hitting $0.36. The stock had a trading volume of 1,350 shares, compared to its average volume of 31,304. The business has a 50 day moving average of $0.39 and a 200 day moving average of $0.41. Chesapeake Granite Wash Trust has a 12-month low of $0.35 and a 12-month high of $0.51. The stock has a market cap of $16.97 million, a price-to-earnings ratio of 4.54 and a beta of 0.21.

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

Chesapeake Granite Wash Trust Company Profile

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.