Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Expands By 39.1%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 19,909 shares, a growth of 39.1% from the February 26th total of 14,317 shares. Based on an average daily volume of 58,214 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Chesapeake Granite Wash Trust Trading Down 1.3%

Shares of CHKR traded down $0.01 during mid-day trading on Friday, reaching $0.42. The company had a trading volume of 20,439 shares, compared to its average volume of 26,035. Chesapeake Granite Wash Trust has a fifty-two week low of $0.38 and a fifty-two week high of $0.51. The firm has a fifty day simple moving average of $0.42 and a 200-day simple moving average of $0.44. The stock has a market cap of $19.40 million, a price-to-earnings ratio of 5.19 and a beta of 0.22.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings data on Friday, March 27th. The company reported $0.02 EPS for the quarter. The business had revenue of $1.07 million during the quarter. Chesapeake Granite Wash Trust had a return on equity of 39.91% and a net margin of 65.92%.

About Chesapeake Granite Wash Trust

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.